Details:

Publisher's site:
https://www.fdic.gov
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The federal banking agencies, along with the U.S. Securities and Exchange Commission (the Agencies), have issued a statement regarding the treatment of Collateralized Debt Obligations (CDOs) that contain Trust Preferred Securities (TruPS) under section 13 of the Bank Holding Company Act, which implements section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), also known as the "Volcker Rule." The Agencies are currently considering whether it would be appropriate and consistent with the Dodd-Frank Act not to subject TruPS CDOs to the investment prohibitions of the Volcker Rule.
Subject:
[+]
Lending / Investments
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2013/fil13062.html
Format:
PDF
Release Date:
12/30/2013
Update Date:
11/14/2018
Withdrawn Date:
12/01/2018
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC);Board of Governors of the Federal Reserve System (The Fed);Office of the Comptroller of the Currency (OCC);Commodity Futures Trading Commission (CFTC);U.S. Securities and Exchange Commission (SEC);
Fdic Employee Involved:
Bobby Bean;Karl Reitz;Michael Spencer;
Law Involved:
Bank Holding Company Act;Dodd-Frank Wall Street Reform and Consumer Protection Act;
Related Regulation:
section 619
Source:
FDIC Website
Memorandum To:
FDIC-Supervised Banks (Commercial and Savings) and FDIC-Supervised Savings Associations
FIL Number:
FIL-62-2013
Main Document Checksum:
[+]
urn:sha256:524ac26729163b21d0367fe58f51c3b2d362b19867c7d64be3b6188b10605c34
Download URL:
https://archive.fdic.gov/view/fdic/7036/fdic_7036_DS1.pdf
File Type:

Supporting Files

• Statement regarding Treatment of Certain Collateralized Debt Obligations Backed by Trust Preferred Securities under the Rules implementing Section 619 of the Dodd-Frank Act

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