The following video is part of our "Motley Fool Conversations" series, in which financial and economics sector head Ilan Moscovitz and consumer goods editor and analyst Austin Smith discuss topics across the investing world.

Fed Chairman Ben Bernanke recently testified that he doesn't believe the Volcker Rule will be ready by July. The rule, which is a sort of Glass-Steagall-lite, was established after the financial crisis to tamp down on excessive risk at major Wall Street firms. Ilan and Austin discuss what the Volcker Rule is, and whether or not it will work.

Austin Smith has no positions in the stocks mentioned above. Ilan Moscovitz has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase & Co. Motley Fool newsletter services recommend Goldman Sachs Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.