You might think it was all about bank capital reading the press and listening to the public pronouncements of regulatory officials. Here are a few other things going on:
1. Volker Rule: July 21 is the end of the conformance period for bank compliance with the Volker Rule. Here is what it means…
2. Dodd Frank: Also on July 21, the Dodd Frank Act turns 3 years old. Happy Birthday! Don’t expect an end to the terrible twos. Davis Polk issues a terrific monthly summary of implementation progress. It is not a pretty picture for the developmentally challenged Act.
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