WASHINGTON — Regulators will extend by two years the conformance period under the Volcker Rule for banks with legacy collateralized loan obligations, the agencies said Monday.

A fight has been brewing over a provision in the Volcker Rule that could force banks to sell off billions of dollars in CLO holdings before it goes into effect in July 2015.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.