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Agencies Extend Volcker Rule Comment Deadline

Sept. 05, 2018 — Federal regulators extended until Oct. 17 the comment deadline for a proposed rule to simplify and tailor Volcker Rule compliance requirements. The rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds. ICBA earlier this summer called on regulators to quickly revise existing rules as they implement S. 2155 regulatory relief.

 

 

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