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Monday, December 30, 2013

Agencies Released Statement on Volcker Rule Implementation

The Federal Reserve, OCC, FDIC and SEC stated they are evaluating whether it is appropriate not to subject pooled investment vehicles for Trust Preferred Securities (TruPS) to the prohibitions on ownership of covered funds under the final Volcker Rule.

The agencies intend to address this matter no later than January 15, 2014.

Read more.

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