Federal agencies adopt final Volcker Rule and extend conformance period
Federal regulators have voted to approve the ‘Volcker Rule’, more than two years after the rule’s proposal in 2011. The Fed, FDIC, OCC, CFTC and SEC issued adopting releases and jointly approved a final rule that generally includes tougher restrictions on banking entities’ proprietary trading activities than those proposed in 2011, but expands the types […]