Lawmakers question regulators’ ability to coordinate on Volcker Rule issues

Regulatory agencies responsible for implementing Dodd-Frank’s so-called Volcker Rule faced pressing interpretive issues immediately after releasing their final rules late last year. Lawmakers quizzed agency leaders about the rulemaking during a recent hearing before the House Financial Services Committee. Republicans asked why the rule wasn’t re-proposed, and they questioned the agencies’ ability to address other issues, including those arising from the rule’s treatment of certain collateralized loan obligations. Read on for the details.