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U.S. House approves Volcker Rule CLO bill
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Banking, Legislation
Thursday, May 1, 2014
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The U.S. House approved legislation that would address the Volcker Rule’s treatment of certain collateralized loan obligations. The Republican-backed bill passed April 29 by a bi-partisan voice vote despite concerns from some Democrats that allowing banks to have an interest in certain CLOs could increase systemic risk.
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