Financial institutions regulation and enforcement head William Sweet and investment management partner Heather Cruz participated in Practising Law Institute’s program “The Volcker Rule 2018: What It Means for Financial Institutions and Markets” in New York May 8. As program co-chair, Mr. Sweet made opening remarks. Ms. Cruz participated in a discussion titled “The Volcker Rule — Funds,” which focused on relevant definitions; exclusions for foreign funds, RICs (U.S.-registered investment companies), securitizations and joint ventures; the treatment of securitizations; and the organization and operation of a permitted fund, among other topics.