Volcker Revisions Overhaul Proprietary Trading, Compliance

Law360 (September 4, 2019, 5:04 PM EDT) -- On Aug. 20, the Federal Deposit Insurance Corporation and the U.S. Office of the Comptroller of the Currency approved a final rule adopting key changes to the proprietary trading and compliance program provisions of the Volcker Rule implementing regulations. The agencies also finalized revisions to certain covered fund requirements for which language was proposed in 2018. However, key elements of the covered funds provisions will be addressed in a new separate proposal to be issued by the Volcker Rule agencies. The three other Volcker Rule implementing agencies have not yet acted on the rule.

The final rule adopted by the FDIC...

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