The Fed met a little more than a week ago to propose a more lenient take on the Volcker Rule. Prompted by the half-dozen or so big investment banks remaining after the 2008 crash, the new rules, if approved, would "... alter how much time the banks have to spend proving they are following the Volcker Rule and give them more leeway to determine which types of trades comply. It would also shift the burden of proof for determining whether a trade qualifies under Volcker away from the bank to the regulators.
Now, banks must prove that each trade serves a clear purpose that goes beyond a speculative bet by showing regulators specifically how each trade either meets customer demands or acts as a hedge against specific risks. That had curtailed trading in a variety of assets like derivatives, corporate bonds and other complex products" (Emily Flitter & Alan Rappaport, May 30th, https://www.nytimes.com/2018/05/30/business/volcker-rule-banks-federal-reserve.html).
Do you think this is a smart move?