Watch the Fed discuss the potential easing of the Volcker Rule

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The Federal Reserve Board of Governors will meet Thursday to discuss simplifying the so-called Volcker Rule, which prevented banks from investing their own money in vehicles such as hedge funds and private equity funds.

The discussion comes after the Federal Deposit Insurance Corp approved last year to revise the regulation, which was enacted under Dodd-Franck after the financial crisis.

It also follows complaints from institutions in the industry that these rules are too convoluted. 

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