skip to Main Content
Visit DMCPAS.com

Volcker Rule Simplification Advances

The FDIC approved an interagency final rule to simplify the Volcker Rule, which generally prohibits banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds.

Among its provisions, the final rule tailors compliance requirements based on the size of a firm’s trading assets and liabilities.

Federal regulators last month issued a final rule implementing an ICBA-advocated provision of the S. 2155 regulatory relief law exempting most community banks from the Volcker Rule.

The final rule conforms with statutory language exempting community banks that have less than $10 billion in assets and trading assets and liabilities that are no more than 5 percent of total assets.

Article Link

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top