1/7  BIS central bankers' speeches  Restoration of this trust is necessary for the delivery of the Central Bank’s vision for financial services as a whole, including banking – specifically, that it functions well, is well-managed and well-regulated and it serves the needs of the economy and its customers over the long term. Undoubtedly, rebuilding trust is in all of our interests.
In particular, there are certain foreign funds—funds that are organized outside the United States by foreign banks in foreign jurisdictions and offered solely to foreign investors—that are subject to the Volcker rule due to Bank Holding Company Act control principles.