That’s the question executives of publicly traded banks are asking themselves as they try to make sense of new — and somewhat vague — guidance from the SEC on procedures for disclosing data breaches.
The plan, which the Federal Reserve Board approved Wednesday, would tailor compliance programs for banks based on their trading volume and revise definitions to help banks determine which trades are banned.
Combined with another key change that would give banks more leeway in trading, the revisions on hedging could further blunt the impact of the rule named after a former Fed chairman.
