Washington Policy
FDIC Finalizes Volcker Rule Revisions (Currently) Effective January 1, 2020
The FDIC on Tuesday voted to finalize revisions to the Volcker Rule – notably increasing the threshold for the highest-tier compliance level, dropping the initially proposed accounting measure for certain trading assets, and including new exemptions to the definition of proprietary trading. Overall, the finalized rule will provide greater flexibility for firms and decreases the compliance burden relative to the original 2013 rule.
