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"This 'fix' is no fix at all," said Rep. Scott Garrett, speaking of a compromise by regulators to resolve issues with CLOs and the Volcker Rule.

Regulators Extend Compliance Period on Volcker Rule for CLOs

Regulators announced Monday they would extend the conformance period by two years under the Volcker Rule for banks with legacy collateralized loan obligations, but at least one lawmaker is already saying the agencies should do more.

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