On July 31, 2020, the Federal Register published the final Volcker Rule covered funds amendments promulgated in June by the federal financial services regulators (the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Office of the Comptroller of the Currency, and the Commodity Futures Trading Commission).

In her latest New York Law Journal International Banking column, “Volcker Rule covered funds revisions finalized: Impact on non-US banks,” Kathleen A. Scott, Senior Counsel in the Norton Rose Fulbright New York office, discusses some of the final rule’s provisions that might be of most interest to non-U.S. banking organizations.