February 12, 2014
The American Bankers Association and four banks told a Washington, D.C., federal court Wednesday that they will voluntarily withdraw litigation seeking to block the so-called Volcker Rule from applying to certain "trust-preferred" collateralized debt obligations, after federal regulators changed the provisions-at-issue.
January 02, 2014
Federal financial regulators announced last week that they will consider exempting certain "trust-preferred" collateralized debt obligations from the so-called Volcker Rule, the Dodd-Frank Act's ban on proprietary trading by banks, after the industry sued over the CDOs' inclusion in the rule.