Law360, New York (December 17, 2013, 11:24 PM EST) -- The Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, U.S. Securities and Exchange Commission and Commodity Futures Trading Commission voted on Dec. 10, 2013, to approve final regulations to implement the Volcker Rule. The SEC approved the final regulations by a 3-2 vote, with Commissioners Michael Piwowar and Daniel Gallagher dissenting.
This article focuses on the funds provisions of the final regulations and includes practical observations regarding implementation of the rule’s requirements.
The final regulations generally prohibit banking entities from...
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