Aggregated News From Investment Management Regulators

Agencies Will Consider Comments on Volcker Rule Modifications Following Expiration of Comment Period

Report/Flag

Please complete the required fields.



April 2, 2020

Joint Release

Board of Governors of the Federal Reserve System
Commodity Futures Trading Commission
Federal Deposit Insurance Corporation
Office of Comptroller of the Currency
Securities and Exchange Commission

— Five federal financial regulatory agencies on Thursday announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as “covered funds.”

The agencies will continue to consider comments to provide interested persons more time to analyze the issues and prepare their comments in light of potential disruptions resulting from the coronavirus.  The proposal asked for comments to be submitted by April 1, 2020. 

The agencies will continue to work together on policy issues as the coronavirus pandemic unfolds.

*         *         *

Media Contacts:

Federal Reserve Board      Eric Kollig                         (202) 452-2955

CFTC                                 Office of Public Affairs      (202) 418-5080

FDIC                                  David Barr                        (202) 898-6992

OCC                                   Bryan Hubbard                 (202) 649-6870

SEC                                    Office of Public Affairs     (202) 551-4120

-CFTC-

 

Regulator Information

Abbreviation: CFTC
Jurisdiction: USA

Recent Articles

Proposed Rule Change to Amend FINRA Rule 2231 (Customer Account Statements)

Financial Industry Regulatory Authority, Inc.

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!

×