Comment period extended on proposal to loosen Volcker Rule restrictions

This story appeared in Bank Digest. 

Five federal financial regulatory agencies have extended until Oct. 17, 2018, the comment period for a proposal to simplify and tailor Volcker Rule restrictions on the ability of banking entities to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The 30-day extension by the Federal Reserve Board, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Securities and Exchange Commission responds to requests from the public for additional time to analyze the proposal.