ICMSA Publication


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

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