The National Law Review

New Volcker Guidance Helps Non-US Banks

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JD Supra

Agencies Issue Guidance for Foreign Banking Entities on the Application of the Marketing Restriction for the Volcker Rule’s SOTUS Covered Fund Exemption

On Friday, February 27, 2015, the Volcker Inter-Agency Group posted a new frequently asked question (FAQ 13), clarifying the scope of the so-called “marketing restriction” under the SOTUS covered fund ...
JD Supra

Agencies Release New Volcker Rule Guidance on the Ability of Non-U.S. Banks to Invest in Third-Party Covered Funds

On February 27, 2015, the regulatory agencies responsible for implementing the Volcker Rule released a Frequently Asked Question (FAQ) on the Volcker Rule. The FAQ clarifies that a non-U.S. banking ...
Law

The 'Covered Funds' Side of Volcker: Is There a Benefit for International Banks?

In August 2019, the financial services regulators responsible for the Volcker Rule regulations (the Federal Reserve Board, the Securities and Exchange Commission, the Office of the Comptroller of the ...
Law

How Will Latest Changes to Volcker Rule Affect Non-U.S. Banks?

In her International Banking column, Kathleen A. Scott discusses the final Volcker Rule, focusing on some of the issues raised by non-U.S. banks in their comments. In my July 2018 column, I discussed ...