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OCC releases summary of Volcker Rule TruPS CDO fix
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Banking
Friday, March 28, 2014
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The Office of the Comptroller of the Currency released a bulletin summarizing a January joint interim final rule that permits banks to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities, notwithstanding the investment prohibitions of Dodd-Frank’s Volcker Rule. Read on for the details.
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