According to Bloomberg News, financial regulators have reported that new measures on the Dodd-Frank Act should be mostly complete by the end of 2013. The law, created in 2010, was designed to prevent a repeat of the 2008 worldwide credit crisis. Among the new rules are tougher leverage requirements for eight of the nation’s largest banks, a risk-based capital surcharge for systemically important banks and the Volcker rule to ban proprietary trading by banks. FDIC Chairman, Martin Gruenberg has stated that he’s seeking a Volcker rule that ensures the banks’ ability to perform underwriting “market-making” functions in less liquid markets.
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