FOR IMMEDIATE RELEASE: May 30, 2018
CONTACT: Barbara Hagenbaugh, (202) 457-8783
WASHINGTON, D.C. — Financial Services Forum President and CEO Kevin Fromer released the following statement today regarding the Federal Reserve’s proposed rule to simplify and tailor the compliance requirements of the Volcker rule:
“We will review the proposal and continue to engage with policymakers to ensure the Volcker Rule is implemented efficiently. Greater efficiency would allow our member institutions to comply with the intent of the legislation while allowing them to meet the needs of their clients and to focus more on other core business functions and strengthened risk management, which would support overall safety and soundness.”