Joint Release
Federal Reserve Board of Governors
Commodity Futures Trading Commission
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Securities and Exchange Commission
For immediate release September 4, 2018
Media Contacts:
Federal Reserve Board Eric Kollig 202-452-2955
CFTC Erica Richardson 202-418-8090
FDIC David Barr 202-898-6992
OCC Joe Adamoli 202-649-6870
SEC Chris Carofine 202-551-4120
FDIC: PR-55-2018
Last Updated 9/4/2018 communications@fdic.gov
Agencies Extend Comment Period for Proposed Rule Simplifying and Tailoring
the “Volcker Rule”
Five federal financial regulatory agencies on Tuesday extended until October 17, 2018,
the comment period for a proposed rule to simplify and tailor compliance requirements
for the "Volcker rule." The Volcker rule generally restricts banking entities from engaging
in proprietary trading and from owning or controlling hedge funds or private equity
funds.
With the extension, the Federal Reserve Board, the Commodity Futures Trading
Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller
of the Currency, and the Securities and Exchange Commission will have provided
interested parties with approximately four and a half months from the date the proposal
was released to the public to submit comments.
The proposal was released by the agencies in early June with a 60-day comment period
that began after publication in the Federal Register on July 17.
# # #
Attachment: Notice to Extend Comment Period
Federal Reserve Board of Governors
Commodity Futures Trading Commission
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Securities and Exchange Commission
For immediate release September 4, 2018
Media Contacts:
Federal Reserve Board Eric Kollig 202-452-2955
CFTC Erica Richardson 202-418-8090
FDIC David Barr 202-898-6992
OCC Joe Adamoli 202-649-6870
SEC Chris Carofine 202-551-4120
FDIC: PR-55-2018
Last Updated 9/4/2018 communications@fdic.gov
Agencies Extend Comment Period for Proposed Rule Simplifying and Tailoring
the “Volcker Rule”
Five federal financial regulatory agencies on Tuesday extended until October 17, 2018,
the comment period for a proposed rule to simplify and tailor compliance requirements
for the "Volcker rule." The Volcker rule generally restricts banking entities from engaging
in proprietary trading and from owning or controlling hedge funds or private equity
funds.
With the extension, the Federal Reserve Board, the Commodity Futures Trading
Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller
of the Currency, and the Securities and Exchange Commission will have provided
interested parties with approximately four and a half months from the date the proposal
was released to the public to submit comments.
The proposal was released by the agencies in early June with a 60-day comment period
that began after publication in the Federal Register on July 17.
# # #
Attachment: Notice to Extend Comment Period