SFIG Submits Response to Federal Agencies on Volcker Rule

Yesterday, October 17, SFIG submitted a second comment letter pertaining to the Volcker Rule, this time in response to the agencies’ proposed revisions published on July 17. Our letter addresses three main issues: 1) recommending three modifications to the rule regarding the loan securitization exemption; 2) requesting that ownership interests be redefined to remove ‘other similar interest’; and 3) requesting modifications to the qualified asset-backed commercial paper conduit exclusion. Our letter is available here, and SFIG’s previous response of September 2017 is available here.

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