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Tuesday, April 1, 2014

Volcker Rule Takes Effect Today

Regulations implementing the Volcker Rule, which requires banks to unwind prohibited proprietary trading activities and prohibited fund investments, take effect today. The final rule extends the conformance deadline to July 21, 2015.

ABA continues to advocate through its banker working groups for a responsible application of the Volcker Rule in order to minimize disruption of financing and compliance costs to banks.

Read more.

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