Date: March 4, 2014
Issue: Volcker Rule
To: Federal Reserve, FDIC, SEC, OCC, CFTC
Filing Type: Regulatory
Description: The CCMC supports the efforts of the regulators to correct the issues surrounding trust preferred securities through the proposed regulation. However, we believe the proposed regulation must abide by rule-writing procedures and cost-benefit analysis requirements mandated by law. For the reasons outlined above, we also believe the proposed rulemaking must be expanded.