OCC BULLETIN 2019-9
Subject: Volcker Rule
Date: February 25, 2019
To: Chief Executive Officers of All National Banks and Federal Savings Associations; Federal Branches and Agencies of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties
Description: Notice of Proposed Rulemaking
On February 8, 2019, the Office of the Comptroller of the Currency, the Federal Reserve Board, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, and the Securities and Exchange Commission (collectively, the agencies) published a notice of proposed rulemaking in the Federal Register to implement amendments to section 13 of the Bank Holding Company Act, commonly known as the Volcker Rule, contained in sections 203 and 204 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The agencies will accept comments on this notice of proposed rulemaking through March 11, 2019.
Note for Community Banks
Under the proposed rule, a majority of community banks would meet the conditions that would exempt them from the Volcker Rule.
The proposed rule would
Please contact Roman Goldstein, Risk Specialist, Treasury and Market Risk Policy, at (202) 649-6360; Tabitha Edgens, Senior Attorney; or Mark O’Horo, Attorney, Office of the Chief Counsel, at (202) 649-5510.
Jonathan V. Gould