The Working Group broadly endorsed all recommendations of the Volcker panel.

工作小组对沃尔克专家小组的所有建议表示广泛赞同。

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You can read more on this topic in our article Citi Shuts Another Prop Group as Banks Prepare for Volcker Rule.

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The latter group, led by former Federal Reserve Chairman Paul Volcker, was created at the height of the economic crisis in early 2009 and was only expected to be in existence for two years.

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The group seems to be capitalizing on the fact that the Volcker rule allows financial institutions to invest up to 3% of Tier 1 capital in such funds.

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