The Provisions of the Volcker Rule Relating to Municipal Securities
Summary
SIFMA provides comments to multiple federal regulators on proposed rulemaking to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Volcker Rule). This comment letter focuses specifically on:
municipal securities; and
tender option bonds, which are a specific type of transaction described herein that involves the repackaging of municipal securities that is common in the marketplace.
SIFMA, Alliance for Digital Innovation, American Bankers Association (ABA), American Public Power Association, Bank Policy Institute (BPI), Business Roundtable, Business…