WASHINGTON — Treasury Secretary Jack Lew vowed Thursday that regulators will release a strict version of a long-awaited regulation that would ban proprietary trading and investment in hedge and equity funds by banks.

"Rule-writers will soon put forward a tough Volcker Rule that I expect to be true to President Obama's vision and the statute's intent," said Lew in prepared remarks before the Pew Charitable Trusts.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.