The Volker Rule 2.1 Final rule implementing amendments to the Volcker rule
30 July 2020
This means that banks will be allowed to engage with various types of private funds via the “2020 Final Covered Funds Rule”, which modifies and simplifies the requirements regarding covered fund provisions in the existing Volcker Rule.
Financial market participants should now have greater clarity when it comes to compliance with the Volcker Rule and banks will have greater flexibility to sponsor covered funds. These reforms will also allow banks to engage in lending activities through debt funds, amongst other proposals which have been adopted. To learn what these changes mean for your organisation, click the button to download the PDF.