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Community Banks Trust Preferred Securities

Troutman Pepper

Observation 1.1.1.1 On The Volcker Rule: Community Banks – Compliance Redux

Troutman Pepper on

In Observation 1.1.1, we discussed the surprise treatment under the new Volcker Rule regulations of collateral debt obligations (CDOs) backed by trust preferred securities (TruPS) as “covered funds,” which would force banking...more

Manatt, Phelps & Phillips, LLP

Financial Services Law -- Jan 17, 2014

Community Banks and the Volcker Rule: What’s Next? - For now, banks that have investments in CDO securities that are issued by funds that are invested in trust preferred securities (TruPS CDOs) have dodged a bullet. On...more

Morgan Lewis

Community Bank TruPS CDOs Exempted from the Volcker Rule

Morgan Lewis on

Interim final rule exempts collateralized debt obligation vehicles that hold qualifying community bank trust preferred securities from the private fund sponsorship and investment prohibitions....more

Katten Muchin Rosenman LLP

Lawmakers Introduce Legislation to Resolve CDO-TruPS Controversy

In the latest installment of the Volcker Rule’s collateralized debt obligation-trust preferred securities (CDO-TruPS) controversy, on January 8, two House Financial Service Committee members introduced a bill to exempt...more

Troutman Pepper

Observation 1.1.1 On The Volcker Rule: Community Banks – Compliance

Troutman Pepper on

On December 10, 2013, the federal banking agencies jointly issued final regulations to implement the “Volcker Rule,” added to the Bank Holding Company Act by Section 619 of the Dodd-Frank Act, to prohibit banking entities and...more

Ballard Spahr LLP

Controversy over the Volcker Rule and Trust-Preferred CDOs

Ballard Spahr LLP on

The banking industry’s recent challenge to the newly promulgated Volcker Rule focuses on collateralized debt obligations backed by trust-preferred securities (TruPS CDOs). Even though TruPS CDOs do not represent the kind of...more

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