Volcker Rule Clarification
So I understand that the Volcker Rule restricts banks from prop trading with FDIC insured capital/deposits (HF, Private Equity, etc.), but what if a bank uses non-deposit money? For example, capital raised from its own equity or debt, investor funds, profits, are these all part of the 3% exception? I tried searching for this but couldn't really find anything specific. Could someone please clarify for me?
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