Banking Regulators and CFTC to Hold Meetings to Approve Volcker Rule(s)

The CFTC has announced that it will hold a public meeting on December 10th at 9:30 a.m. to consider "Proprietary Trading and Certain Interests in and Relationships with Covered Funds"; i.e., the Volcker Rule. The Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System have also announced meetings in regard to Volcker. The Office of the Comptroller of the Currency is also expected to adopt final Volcker Rule regulations on December 10th as well. Additionally, the CFTC will consider (i) core principle 9 for designated contract markets ("DCMs") and (ii) block trading for futures and options on futures contracts and centralized market trading on DCMs.

See: CFTC Meeting Announcement; Federal Reserve Board Meeting Announcement; FDIC Meeting Announcement.