Kathleen A. Scott
On May 24, the President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) (Public Law 115-174), which includes some revisions to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, but not its wholesale repeal. Shortly thereafter, proposed changes to the Volcker Rule were approved to be issued for comment by the federal banking, commodities and securities regulators.
This month’s column will discuss how some of these legislative, and proposed regulatory, changes could affect non-US banks operating in the United States.
