Recent Bank-Affiliated Meeting(hidden)

Recaps from recent Bank-Affiliated Asset Managers Compliance Forum meetings

June 27, 2018 Conference Call

  • Proposed Amendments to the Volcker Rule. Forum members discussed potential comments on proposed amendments to the Volcker Rule with respect to issues that directly affect investment advisers that are affiliated with banks. The amendments would provide some relief from the Volcker Rule for such advisers that do not have significant trading assets and liabilities, and the amendments would also broaden permitted market making and hedging activities in covered funds by advisers to these covered funds. The proposal also requests comment on whether the definition of “covered fund” should be tailored further and contain additional exclusions, and whether certain exemptions from restrictions on certain inter-affiliate transactions should be incorporated.

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