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Lawmakers question regulators’ ability to coordinate on Volcker Rule issues
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Banking, Derivatives, Volcker Rule
Monday, February 10, 2014
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Regulatory agencies responsible for implementing Dodd-Frank’s so-called Volcker Rule faced pressing interpretive issues immediately after releasing their final rules late last year. Lawmakers quizzed agency leaders about the rulemaking during a recent hearing before the House Financial Services Committee. Republicans asked why the rule wasn’t re-proposed, and they questioned the agencies’ ability to address other issues, including those arising from the rule’s treatment of certain collateralized loan obligations. Read on for the details.
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