Regulators back down over Volcker CDO provision.
Post# of 63699
Posted On: 01/15/2014 4:23:11 PM
Regulators back down over Volcker CDO provision.
Federal regulators have decided to ease the Volcker Rule and will now allow smaller banks to hold certain CDOs of trust-preferred securities (TRuPS) that they might otherwise have had to sell. The move comes after the American Bankers Association threatened to sue over the provision, which the industry group said would have forced 275 small banks to take a $600M hit to capital.
more at:
http://dealbook.nytimes.com/2014/01/14/regula...rule/?_r=0
Federal regulators have decided to ease the Volcker Rule and will now allow smaller banks to hold certain CDOs of trust-preferred securities (TRuPS) that they might otherwise have had to sell. The move comes after the American Bankers Association threatened to sue over the provision, which the industry group said would have forced 275 small banks to take a $600M hit to capital.
more at:
http://dealbook.nytimes.com/2014/01/14/regula...rule/?_r=0
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