After a long lead up, the five agencies (Agencies) with responsibility for the regulations that implement the Volcker Rule (Regulations) have issued a wide ranging proposal to tailor the application of the Regulations in order to reduce what the Agencies consider to be unnecessary burdens on institutions subject to the Regulations (Proposal).
The Proposal indicates that the Agencies recognize there are a number of opportunities for improvements to the current Regulations. With over 300 specific requests for comment, the Proposal also shows an interest by the Agencies in considering a wide range of recommendations for further improvement of the Regulations.
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