Joint Release/Agencies Invite Comment on a Proposal to Exclude Community Banks from the Volcker Rule — 2018-12-21

Agencies Invite Comment on a Proposal to Exclude Community Banks from the Volcker Rule Five federal financial regulatory agencies on Friday invited public comment on a proposal that would exclude certain community banks from the Volcker rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The Volcker Rule generally restricts banking entities from engaging in proprietary trading and from owning or sponsoring hedge funds or private equity funds. The agencies are jointly proposing to exclude community banks with $10 billion or less in total consolidated assets and total trading assets and liabilities of 5 percent or less of total consolidated assets from the restrictions of the Volcker Rule.