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Banking & Supervision

Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services.

Volcker Rule

Sept. 4, 2018

The federal financial agencies have extended the public comment deadline on a proposed interagency rule to simplify and tailor compliance requirements for the “Volcker Rule,” which restricts banking entities’ ability to engage in proprietary trading and own or control hedge funds or private equity funds. The deadline is October 17, 2018.

Liquidity Coverage Ratio

Aug. 31, 2018

A new interim final rule, effective today, requires the federal banking agencies to treat municipal obligations as a high-quality liquid asset (HQLAs) under their liquidity coverage ratio rules if those obligations are considered "liquid and readily marketable" and "investment grade." Companies covered by the liquidity coverage ratio rules must maintain an amount of HQLAs equal to or greater than their projected total net cash outflows over a prospective 30 calendar-day period. The changes implement requirements in the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The deadline for public comment is October 1, 2018.