Are there any changes to the Volcker Rule?
Are there any changes to the Volcker Rule?
Washington D.C., June 25, 2020 — Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds. The final rule is broadly similar to the proposed rule from January.
What kind of company is ZF Friedrichshafen AG?
WABCO is now part of ZF Friedrichshafen AG as the “Commercial Vehicle Control Systems” Division. WABCO’s website is not yet combined with that of ZF.
Is the Wabco company part of ZF Friedrichshafen?
WABCO is now part of ZF Friedrichshafen AG as the “Commercial Vehicle Control Systems” Division. WABCO’s website is not yet combined with that of ZF. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies.
How many people go to AERO Friedrichshafen each year?
Discover what direction developments in the General Aviation industry are going at the AERO Friedrichshafen. With more than 600 exhibitors from 35 countries, 33,000 visitors and 600 journalists from all over the world, the AERO Friedrichshafen is the international community’s annual meeting place.
Is the LSTA involved in the Volcker Rule?
The LSTA has been engaged with federal regulators on the Volcker Rule since its inception.
How big can a bank be exempt from the Volcker Rule?
The report notably recommends exempting from the Volcker Rule banks with less than $10 billion in assets.
What is Section 619 of the Volcker Rule?
Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker rule, generally prohibits insured depository institutions and any company affiliated with an insured depository institution from engaging in proprietary trading and from acquiring or retaining ownership interests in, sponsoring, or
Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds. The final rule is broadly similar to the proposed rule from January.
When is the grace period for the Volcker Rule?
Banking entities will have a one-year grace period, until January 1, 2021, to fully comply with the final rule’s amendments, but may also voluntarily comply, in whole or in part, with the amendments prior to such compliance date. Following is a high-level summary of certain key features of the final rule.