Volcker Rule gets final necessary approval

Tuesday, 10 Dec 2013 | 2:04 PM ET
Volcker has exceptions to proprietary trading curbs
Tuesday, 10 Dec 2013 | 1:10 PM ET
CNBC's Eamon Javers breaks down the 5 key exemptions of the Volcker Rule, including underwriting and risk mitigated hedging.

The U.S. Commodity Futures Trading Commission on Tuesday adopted the Volcker rule, which bans proprietary trading by banks, according to Bart Chilton, a Democrat member of the derivatives regulator.

The agency's three Democrat commissioners voted in favor, while Scott O'Malia, currently the only Republican on the CFTC, was the only dissenting vote, Chilton said.

(Read more: What you need to know about the Volcker Rule)

The CFTC was the last remaining agency of the five regulators adopting the final Volcker rule on Tuesday.


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