Agencies Will Consider Comments on Volcker Rule Modifications Following Expiration of Comment Period

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Washington, D.C.–(Newsfile Corp. – April 2, 2020) – Five federal financial regulatory agencies today announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as “covered funds.”

The agencies will continue to consider comments to provide interested persons more time to analyze the issues and prepare their comments in light of potential disruptions resulting from the coronavirus.  The proposal asked for comments to be submitted by April 1, 2020. 

The agencies will continue to work together on policy issues as the coronavirus pandemic unfolds.

Media Contacts:

Federal Reserve      Eric Kollig     202-452-2955
CFTC    Office of Public Affairs  202-418-5080
FDIC  David Barr  202-898-6992
OCC Bryan Hubbard 202-649-6870
SEC Office of Public Affairs 202-551-4120