Fed gives banks five years to 従う with Volcker 支配する 限界s
WASHINGTON, Dec 12 (Reuters) - The 連邦の Reserve Board laid out on Monday how U.S. banks can 適用する to take five more years to 従う with the Volcker 支配する, a 改革（する） 現れるing from the 2007-09 財政上の 危機 that has received some of the harshest 批評 from 塀で囲む Street.
The 支配する, ーするつもりであるd to keep banks from 推測するing with their 顧客s' money, 限界s the 量 of illiquid 投資s 会社／堅いs can 持つ／拘留する. Big 塀で囲む Street banks have said they need more time to 出口 基金 投資s that are difficult to sell but no longer 許すd by the 2010 Dodd-Frank 塀で囲む Street 改革（する） 法律.
The Fed said it was the final grace period it could 認める に引き続いて three one-year 拡張s.
It said a bank would qualify for an 拡張 as long as it 論証するd meaningful 進歩 in divesting illiquid 基金s, had a 十分な 同意／服従 program and the Fed was not 関心d it was trying to 避ける the 法律.
会社／堅いs will also need to certify that the 基金s 会合，会う the 鮮明度／定義 of illiquid and lay out a 計画（する） for divesting or making the 投資s 適合する to the 支配する.
Before the 危機, big banks had proprietary 貿易（する）ing desks that made bets on market direction, 同様に as in-house hedge 基金s, 投資s in 外部の hedge 基金s and co-投資s と一緒に （弁護士の）依頼人s in 内部の 私的な-公正，普通株主権 基金s. Underlying 資産s could 範囲 from 投資s in 私的な companies to real 広い地所 and long-時代遅れの derivatives.
In regulatory filings, banks have said they may 直面する difficulty in getting rid of those 投資s by 近づいている 最終期限s. (報告（する）／憶測ing by Lisa Lambert; Editing by Peter Cooney)
