Alert January 03, 2012

Federal Agencies Extend Comment Period on Volcker Rule Proposal

The FRB, FDIC, OCC and SEC (the “Agencies”) jointly extended the comment period from January 13, 2012 to February 13, 2012  on the Agencies’ proposed rule (the “Proposed Rule”) to implement the Volcker Rule.  The Proposed Rule was discussed in the October 19, 2011  Financial Services Alert.