Bank regulators to unveil Volcker rule Oct. 11

WASHINGTON (MarketWatch)
Bank regulators, including the Federal Deposit Insurance Corp., will release a long-awaited "Volcker rule" next week for big banks.
Named after its author, former Federal Reserve Chairman Paul Volcker, the rule seeks to prohibit big banks from most speculative trading and to limit their investments in hedge funds and private-equity funds in an effort to reduce risks to the broader financial system.
The FDIC said it plans to release a proposal at a board meeting on Oct. 11, an agency spokesman said.