On June 25, the five regulators responsible for Section 13 of the Bank Holding Company Act of 1956 (Volcker Rule) approved a set of amendments that modify and clarify the covered fund provisions of the regulations implementing the Volcker Rule. (The five regulators are the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, and the Securities and Exchange Commission.) The final amendments are generally the same as those proposed in January of this year.
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Volcker Rule Developments
By Guy C. Dempsey Jr. on
Posted in Banking, Dodd-Frank Developments
Although the exact future of the Volcker Rule (Section 13 of the Bank Holding Company Act of 1956) under the Trump Administration is unclear, there have been two recent developments that indicate an effort on the part of regulators to make the Rule easier to live with in the short run.
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