Agencies are Reviewing Treatment of CDOs Backed by Trust Preferred Securities Under the Volcker Rule

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On December 27, the Fed, FDIC, OCC and the SEC stated that they are in the process of reviewing whether it would be appropriate to subject collateralized debt obligations backed by trust preferred securities to the Volcker rule. The agencies intend to address the matter no later than January 15, 2014. Statement.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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