(Bloomberg) -- Both Wall Street and Washington, poring though the Volcker rule’s almost 1,000 pages of legal- speak on terms like market-making and portfolio hedging, can find reasons to claim victory.

For regulators, adoption of the final rule puts a capstone on a five-year effort to impose new order on the banking industry after its risky mortgage securities took the financial system to the brink in 2008. The rule, which bans banks from making speculative bets for their own accounts, “will change behavior and practices in our financial markets to safeguard taxpayers,” Treasury Secretary Jacob J. Lew said.

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