A bipartisan group of Senators has introduced legislation that, if it becomes law, would delay the effectiveness of the Volcker rule until 12 months following the issuance by the FRB, the OCC, the FDIC, the SEC and the CFTC (collectively, the "Agencies") of final rules to carry out the Volcker rule.
United StatesFinance and Banking
Developments of Note
- Proposed Legislation Would Delay Volcker Rule Effective
Date
- SEC Staff Provides Further Guidance to Exempt Reporting
Advisers on Reporting Special Purpose Entities in Form ADV
- FDIC Issues Financial Institution Letter Advising Bank
Directors and Officers that Copying and Removing Confidential
Financial Institution Records is Breach of their Fiduciary Duty to
the Financial Institution and is an Unsafe and Unsound Banking
Practice
- IOSCO Publishes Consultative Report on the Principles for the
Regulation of Exchange Traded Funds
- FDIC Proposes Rule to Implement Authority to Preserve Affiliate
Contracts as Receiver of Systemically Important Financial
Institutions
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