Quarles: Regulators Planning Volcker Rule Update

Mar 06, 2018
The regulation implementing the Volcker Rule is complex and not working well, Fed Vice Chairman for Supervision Randal Quarles said.

Quarles said regulators are planning to propose material changes to simplify the Volcker Rule regulations, citing his support for a full community bank exemption.

In a comment letter last fall, ICBA called on regulators to exempt banking organizations with less than $50 billion in total assets from Volcker Rule restrictions, which is a key plan of ICBA’s Plan for Prosperity platform and included in S. 2155.