The jewel in the Volcker rule

The Volcker rule that restricts major US banks from engaging in proprietary trading is about to come into effect. That should help shift money from bankers' bonuses and put it back in the hands of American small business.

U.S. regulators are finally implementing the Volcker Rule, and it may prove the hidden jewel in the Dodd-Frank financial reforms.

The rule limits bank purchases of stocks, bonds, currency, commodities, and derivatives – contracts that bet on movements in the prices of assets – with their own money, which also put their federally insured deposits at risk.

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