Volcker Rule Proposal Expected Soon

Volcker Rule Proposal Expected Soon

 

Compass Point Research and Trading has published their analysis of the work ahead in rewriting the rule, spurred by the Comptroller of the Currency Joseph Otting having recently stated that he “believes there will be a proposed rule release in mid-May.” The timing and form of the forthcoming release are unknown, butCompass Point is cautious “that the rulemaking process ahead will be lengthy and is likely to bleed well into 2019.” The analysis puts forth multiple reasons to expect an “iterative and lengthy road ahead.” SFIG met with key regulators on April 24 to discuss our policy recommendations on the Volcker Rule, and also submitted comments to the Office of the Comptroller of the Currency in September 2017 in response to the request for public input on the final rule. If you would like to join SFIG’s Volcker Task Force, please email Michael.Williams@sfindustry.org.

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