Exempting banks with less than $10 billion in assets from
the Volcker rule could remove significant compliance costs and
burdens for community banks and credit unions, sources
The provision is one of the suggestions contained within the
bi-partisan S.2155 Economic Growth, Regulatory Relief and
Consumer Protection Act. Led by Mike Crapo, the Senate Banking
Committee compiled a bill addressing some of the more pressing
issues of US banking regulation, and in doing so is seeking to
undo some of the protections put in place by the Dodd-Frank Act
Is the Volcker rule is an unnecessary burden?The rule has
been the centre of much debate since it was originally enacted,
and giving total exemption to institutions of this size has
been one of the measures most widely sought by its adversaries.
"Volcker is one of these rules that imposes tremendous
compliance costs on institutions, I mean...