Would the passing of the Volker rule be good for non-bank PE funds?

Hi guys,

does the Volker rule prohib banks from investing in PE funds (e.g. BX, KKR, but also MM funds)? If not, then would it be right to think that the rule could potentially be good for the PE industry as capital from the principal investment funds will be redistributed to non-bank funds?

Cheers

 
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