Five federal financial regulators are seeking comments on a proposed rule that would exclude community banks from Volcker Rule restrictions. The jointly proposed rule implements a provision of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
FDIC Board Member Martin Gruenberg detailed what he believes should be considered when crafting such exemptions during a recent meeting with the FDIC Board of Directors, including asset thresholds and collateralized debt obligations.
Find out more details about how the exemption would impact community banks.