CLOs: : covered by Volcker Rule or not?

• Localización: Strategic Finance, ISSN-e 1524-833X, Vol. 96, Nº. 5, 2014, págs. 24-25
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The article examines the implementation by U.S. financial regulatory agencies of the Volcker Rule, a regulation authorized by the Dodd-Frank Wall Street Reform & Consumer Protection Act. The possibility that the rule banning proprietary securities trading by banks will be applied to their holdings of collateralized loan obligation (CLO) derivative securities is discussed. Lobbying by banking and securities industry trade association seeking to exempt CLOs from the rule is discussed.