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Observation 1.1.1 On The Volcker Rule: Community Banks – Compliance
On December 10, 2013, the federal banking agencies jointly issued final regulations to implement the "Volcker Rule," added to the Bank Holding Company Act by Section 619 of the Dodd-Frank Act, to prohibit banking entities and nonbank financial companies from engaging in proprietary trading and severely restrict investments in covered funds.
Pepper Hamilton LLP
