The Volcker Rule has far-reaching implications for the financial system. It
prohibits any “banking entity” (as defined -- broadly) from proprietary
trading and from owning, sponsoring or having certain relationships with hedge
funds and other private funds, subject to a number of exemptions.
Implementation of the Volcker Rule requires rulemaking, and on October 11
regulators released for comment a notice of proposed rulemaking with
implementing regulations. The proposal is extremely detailed and raises complex
and difficult issues.
Our Summary of the Proposed Regulations is designed to provide readers with a
resource that highlights the major areas of the proposal, while focusing on
details that are likely to impact financial institutions and end-users.
To read the Summary, please click