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Repealing the Volcker Rule

Minimizing Compliance Burden on Banks for Proprietary Trading and Investing

ABA Position

ABA believes that the Volcker Rule should be repealed in its entirety, and that in the meantime, regulators work to mitigate the rule’s harmful effects by shifting the regulatory focus to clearly defining which activities are specifically prohibited under the rule. We are encouraged by the recently enacted regulatory reforms and the agencies’ stated commitment to improve interagency coordination on supervision and enforcement. ABA will continue to ask the agencies to interpret the Volcker Rule in a manner that will reduce the compliance burden and minimize disruptions and costs to the banking system.

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Timothy E. Keehan

VP/Senior Counsel II, Center for Securities, Trust & Investments

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Blair Bernstein

(202) 663-5468

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