Federal Reserve Board Approves Extended Transition Period For Deutsche Bank Ag, SVB Financial Group, And UBS Group Ag To Conform Investments In Certain Illiquid Funds To Requirements Of Volcker Rule
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On June 7, 2017, the Federal Reserve Board authorized an
extension of up to five (5) years for Deutsche Bank AG, SVB
Financial Group, and UBS Group AG to comply with certain aspects of
the Dodd-Frank Wall Street Reform and Consumer Protection Act
(often referred to as the Volcker rule) relating to
"investments in certain 'illiquid funds[.]'"
Press Release.
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