Volcker Rule Reform Next Steps Coming In Fall, Quarles Says

Law360 (July 11, 2019, 7:30 PM EDT) -- A top Federal Reserve official said Thursday that the banking industry could soon find out how federal regulators plan to proceed with a Volcker rule overhaul effort after concerns were raised last year about proposed changes to the rule's proprietary trading prohibitions.

Speaking in Washington at a Bipartisan Policy Center fireside chat, Fed Vice Chair for Supervision Randal Quarles said he anticipates a release "early in the fall" of a rulemaking proposal that will respond to comments received on the prop trading-related changes that were first unveiled in May 2018.

Although federal regulators have not yet formally proposed any revisions to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!