Update on Regulatory Initiatives Regarding the Volcker Rule

August 28, 2017

As the general conformance period for banking entities to comply fully with Section 13 of the U.S. Bank Holding Company Act (Volcker Rule) and its implementing regulations (Volcker Regulations) ended on July 21, 2017, two recent regulatory actions in the U.S. may provide some relief to banking entities subject to the Volcker Rule:

  1. The five agencies in charge of enforcing the Volcker Regulations (Volcker Agencies) have provided time-limited relief with respect to the status of certain foreign funds as banking entities under the Volcker Regulations.
  2. The OCC is seeking public comment on how to improve the Volcker Regulations.

Read "Update on Regulatory Initiatives Regarding the Volcker Rule."