Volcker Rule Treatment of TruPS-Backed CDOs Getting U.S. Review
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U.S. regulators said they are reviewing whether it would be “appropriate and consistent” with the Volcker Rule to allow exemption of some collateralized debt obligations backed by trust-preferred securities.
The Federal Reserve, Federal Deposit Insurance Corp., Securities and Exchange Commission and Office of the Comptroller of the Currency will address the matter by Jan. 15, the agencies said in a statement yesterday.