A new rule adopted by five federal financial regulatory agencies would exempt community banks from Volcker Rule requirements, implementing a section of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which passed in May 2018.
Under the final rule, which does not vary from the proposal, regulators exempt from Volcker Rule compliance obligations community banks with $10 billion or less in total consolidated assets and total trading assets and liabilities of 5 percent or less of total consolidated assets.
Learn more details about the rule and what it means for community banks and other institutions.