FRB Cleared In Early Release Of Volcker Rule Draft

Law360, New York (August 7, 2012, 9:03 PM EDT) -- The Federal Reserve's Office of Inspector General has cleared the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York in an investigation into the early, unauthorized release of a draft of the Volcker rule in early October, according to a report released Tuesday.

The OIG commenced a review after a banking and financial services media outlet published a copy of a confidential draft of proposed rulemaking for the Volcker rule on its website about a week before the Board...
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