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The ‘covered funds’ side of Volcker: Is there a benefit for international banks?

Publication March 2020

On Feb. 28, 2020, the Federal Reserve Board, the Securities and Exchange Commission, the Office of the Comptroller of the Currency and the Commodity Futures Trading Commission published a Notice of Proposed Rulemaking proposing changes to the “covered funds” prong of the Volcker Rule. In this edition of her International Banking column, Kathleen A. Scott discusses proposals focused on non-US banks with US banking operations.

Read the entire column.



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