Agencies Adopt Volcker Reforms on Covered Funds, Affiliate Transactions
The federal banking agencies today approved an interagency final rule amending the Volcker Rule’s treatment of covered funds and transactions with affiliates.
Browsing: Volcker Rule
ABA Supports Proposed Regulatory Reforms to Volcker Rule’s ‘Covered Funds’ Provisions
In a comment letter to the federal banking agencies today, the American Bankers Association supported a proposal to amend the “covered funds” and “Super 23A” regulatory provisions of the Volcker Rule.
Agencies Propose Regulatory Reforms to Volcker Rule’s ‘Covered Funds’ Provisions
The federal banking agencies today issued a joint proposal to amend the “covered funds” regulatory provisions of the Volcker Rule, which places significant restrictions on financial institutions’ ability to have certain interests in, or relationships with, hedge funds and private equity funds. T
FDIC, OCC Finalize Volcker Overhaul Proposal
The FDIC and the OCC today approved a long-awaited set of changes to the Volcker Rule simplifying the rule’s compliance burden and better targeting its effects toward indented activities.
Senators Call for Faster Pace on Reg Reforms
A group of 13 Republicans on the Senate Banking Committee today urged the federal banking agencies to accelerate implementation of regulatory reforms made by the S. 2155 reform law, as well as other reforms that they said would enhance economic growth.
Agencies Delay Action on Foreign Funds Under Volcker Rule
The federal banking agencies announced today that they would defer for an additional two years action related to restrictions for certain foreign funds that may have been unintentionally covered under the Volcker Rule.
Agencies Finalize Volcker Rule Exemption for Community Banks
The five federal financial regulatory agencies today finalized a rule implementing a section of the S. 2155 regulatory reform law that grants an exclusion from the Volcker Rule for certain community banks.
McWilliams: Volcker Reform Should Address Treatment of Foreign Funds
Noting that “the agencies still have work to do” to reform the Volcker Rule, FDIC Chairman Jelena McWilliams today emphasized that greater clarity is needed about which activities are covered by the rule.
ABA Offers Feedback on Proposed S. 2155 Volcker Rule Changes
In a comment letter to the financial regulatory agencies today, the American Bankers Association offered feedback on a recent joint proposal to harmonize the Volcker Rule regulations with the S. 2155 law.
Agencies Propose Rule Exempting Community Banks from Volcker Rule
The financial regulatory agencies today issued a proposed rule to implement a section of the S. 2155 regulatory reform law that grants an exemption from the Volcker Rule for community banks.