On January 18th, the Financial Stability Oversight Council approved a study and recommendations regarding the implementation of the Volcker Rule; a study and recommendations regarding the concentration limit for large financial firms; and approved the publication of a proposed rule on the designation of nonbank financial companies for heightened supervision. Comments on the proposed rule should be submitted within 30 days after publication in the Federal Register, which is expected during the week of January 24. FSOC Press Release. See also Bloomberg (Volcker rule); New York Times (Volcker Rule).