Five federal financial regulatory agencies announced this week they have adopted a final rule to exclude community banks from the Volcker Rule.
The announcement—following a review of the controversial Dodd-Frank rulemaking that was mandated by the Economic Growth, Regulatory Relief, and Consumer Protection Act—was made jointly by the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and Securities and Exchange Commission.
