On January 30, 2020, the Federal Reserve Board, OCC, FDIC, SEC and CFTC (the Agencies) proposed amendments to the covered fund provisions of the Volcker Rule. The proposed amendments address long-standing concerns with the over-broad definition of covered fund, the treatment of foreign funds (both public and private), and the
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Craig D. Kennedy
Mr. Kennedy is an associate in Davis Polk's Financial Institutions Group. [Full Bio]
Volcker Rule Commenters Largely Support Reforms
By Randall D. Guynn, Jai R. Massari, Gabriel D. Rosenberg, Alison M. Hashmall, Craig D. Kennedy & Kirill Lebedev on
Posted in Volcker Rule
The Office of the Comptroller of the Currency (the “OCC”) took a first formal step in evaluating how the regulations implementing the Volcker Rule should be revised by issuing a request for public input on the regulations in early August, with comments due in late September. Of the 55 comment…
Continue Reading Volcker Rule Commenters Largely Support Reforms