- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Proponents of a new multi-agency proposal to amend the Volcker rule tout its compliance-relieving benefits for small- and medium-sized banks. Critics, who had a chance to vote this week, fear that the plan “euthanizes” it.
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Five federal financial regulatory agencies announced this week they have adopted a final rule to exclude community banks from the Volcker Rule.
Proposed rulemaking to ease the compliance burden of the Dodd-Frank Act’s controversial Volcker Rule might not be enough to appease everyone.
Testifying in both chambers of Congress last week, Comptroller of the Currency Joseph Otting discussed plans to modernize the Community Reinvestment Act, and streamline requirements under the Bank Secrecy Act.
