On June 25, 2020, five federal financial regulatory agencies published the long-awaited Final Revisions to the Volcker Rule (the “Final Revisions”), which revise certain aspects of the Volcker Rule with respect to the identification and treatment of covered funds, including the “Super 23A” prohibition. The Final Revisions are largely consistent with the notice of proposed rulemaking published at the beginning of this year but with some important clarifications and other adjustments. They also may provide welcome opportunities for innovation and flexibility with new product design, such as with respect to structured notes and riskless principal transactions.

Please join Mayer Brown partners Anna Pinedo and Ed Parker, and associates Marla Matusic and Matthew Bisanz, for a discussion of the revisions to the Volcker Rule.

Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

Listen to Volcker Rule 2.1: Revisions Bring Greater Clarity, Certainty and Opportunity for Innovation.