Federal Agencies Release Proposed Changes to Volcker Rule
The five federal financial regulators responsible for implementing the Volcker Rule recently released a joint notice of proposed rulemaking that contains a number of proposed revisions to the Volcker Rule’s 2013 implementing regulations. The proposal generally seeks to clarify certain definitions, exemptions and compliance requirements under the 2013 regulations, and to tailor compliance requirements to be commensurate with a banking entity’s level of trading activity.