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For banks, a rocky road for the year ahead 

December 31, 2014

For banks, a rocky road for the year ahead

by Mark Thompson, CNBC

As 2014 wound down, the banking industry received a couple of gifts from regulators.

The deadline for complying with one aspect of the Volcker Rule — selling off private equity and hedge fund holdings — was extended to 2017 from 2015, and the swaps push-out rule, better known as the Lincoln Amendment, was repealed. Repealing the Lincoln Amendment means banks will no longer have to "push out" a portion of their derivatives business into a non-FDIC insured entity.

Read more: CNBC

 

 

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