11.09.15
ICMSA Bulletin 150911/34: Consensus statement on ‘Trustee’ definition of the Volcker Rule governed by English Law
In response to members’ concerns about whether certain powers of a corporate trustee in a typical English law structured finance transaction comply with the Volcker Rule, at the request of the ICMSA, a number of international law firms released a statement setting out their consensus as to the interpretation of those provisions.
The consensus statement is available here