On September 10, 2014, the staffs of the Federal Reserve Board and the Office of the Comptroller of the Currency (“OCC”), updated the list of frequently asked questions and answers regarding the implementation of the Volcker Rule.
New Question #7 relates to the requirement for an annual CEO attestation for banking entities subject to the enhanced minimum standards Volcker Rule compliance program. Question #7 and its answer can be accessed on the Federal Reserve Board’s web site at and at the OCC’s web site.
Please also see the related blog post, Volcker Rule FAQs and examination guidelines released, posted on August 25, 2014.