SIFMA Statement On Proposed Rulemaking On The Volcker Rule

SIFMA today released the following statement from president and CEO Kenneth E. Bentsen, Jr. on proposed changes to the Volcker Rule:

“SIFMA welcomes the notice of proposed rulemaking on the Volcker Rule which was issued today, as it represents the growing recognition by policymakers of the unintended negative impact due to the excessive complexity of the current regulations. We remain concerned that the current regulatory framework is overly restrictive, impeding beneficial market activity at the expense of the economy, and, ultimately, consumers.  SIFMA looks forward to sharing our specific recommendations to streamline and simplify the Rule with the regulators.”