House OK's "Collins Amendment" fix
Meanwhile, the American Council of Life Insurers voiced support for the House action and urged immediate passage.
FSOC Examines Volcker Rule, JPMorgan Losses; Provides SIFI-Label Protest Procedures
The FSOC met this week and had a lot on its plate: Volcker Rule and financial stability in light of JPMorgan's losses, and the approval of new procedures that nonbanks and FMUs can follow to protest a SIFI designation.
MetLife, Fed, Treasury Set to Testify on SIFI in Post-JPMorgan Loss Climate
The Volcker Rule may be a subject not only for banks, in light of JPMorgan trading losses, but also for insurance representatives before the House subcommittee.
SEC Considers Volcker Rule Exemption for Insurers
The Securities and Exchange Commission is considering giving insurers a broad exemption from the so-called Volcker rule, the Dodd-Frank provision that constrains insurers' ability to make certain kinds of speculative investments.
Industry Opponents Slam Volcker Rule as Volcker Defends It
The controversial Volcker rule that regulates proprietary trading came in for a final round of comment as frustrated bankers, activists and Paul Volcker himself flooded government regulators with statements.
Lawmakers Probe Regulators Over Volcker Rule Proposal
Lawmakers took regulators to task on Wednesday over their proposal to implement Section 619 of the Dodd-Frank Act, commonly referred to as the Volcker rule, citing the proposed rule’s complexity as well as its costs.
Volcker Fallout? Morgan Stanley, Goldman Might Exit Bank Business
Susquehanna Financial Group analyst David Hilder says Goldman Sachs and Morgan Stanley may consider dropping their status as bank holding companies to avoid increased costs related to the 'Volcker rule,' the latest fallout from the proprietary trading proposal released earlier this week.