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ABA: The American Bankers Association

Volcker Rule Reform

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ABA believes that the Volcker Rule should be repealed in its entirety, and that in the meantime, regulators work to mitigate the rule’s harmful effects by shifting the regulatory focus to clearly defining which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.

ABA Resources

Our Experts

Timothy Keehan

Timothy E. Keehan

Vice President & Senior Counsel, Center for Securities, Trust and Investments

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Blair Bernstein

(202) 663-5468

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