ICFR Submits Comment on Volcker Rule Proposals

13 February 2012

The ICFR has submitted a comment letter to four US regulatory agencies* in response to their notice of proposed rulemaking, Prohibitions and Restrictions on Proprietary Trading and Certain Interests In, and Relationships With, Hedge Funds and Private Equity Funds, more commonly referred to as the Volcker Rule. The proposals form part of the Dodd-Frank Act in the United States, and will have extensive structural consequences for banks.

 Click here to download the consultation response   
 

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*Board of Governors of the Federal Reserve System, Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)