Mr David D Sylofski

David D Sylofski

Updates

Banking

Volcker Rule: conformance period extended for certain legacy covered funds
USA | 16 January 2015

The Board of Governors of the Federal Reserve System issued an order that extends, until July 21 2016, the conformance period under the Volcker Rule for the purposes of giving banking entities additional time to conform investments in, and relationships with, 'covered funds' and certain foreign funds (legacy covered funds).