Federal banking regulators Tuesday responded to the Independent Community Bankers of America’s repeated calls for them to take action to rectify a Volcker Rule provision that could negatively affect hundreds of community banks. Exemption for Trups-backed CDOs The regulators’ proposition would exempt from the Volcker Rule all collateralized debt obligations backed by trust-preferred securities that were issued by banks with less than $15 billion in assets. Interestingly, the new rule is worded in such a way that many large banks holding Trups-backed CDOs will also get the benefit. The interim final rule issued Tuesday effectively exempts any Trups CDO in…
Volcker Rule Exemption May Ease Curbs On CDOs
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports