During a speech addressing a group of international bankers, Federal Reserve Vice Chairman for Supervision Randal Quarles addressed forthcoming Volcker Rule changes that are in the works, as well as the possibility of enhancing prudential standards for international banks.
Noting that he believes the Volcker Rule represents “an example of a complex regulation that is not working well,” Quarles said the federal banking agencies expect to soon solicit public feedback regarding their proposed revisions to the rule’s compliance regimen and the definitions of complex terms implementing statutory requirements of the Dodd-Frank Act.
Find out more details about what the federal banking regulators want to change about the Volcker Rule and prudential standards for international banks.