Volcker Rule: Prohibitions and Restrictions on Proprietary Trading
13 Feb 2012
Source: Federal Reserve
Deadline: 13 February 2012
The Federal Reserve Board has published a consultation document regarding the section of the Dodd-Frank Act commonly referred to as the ‘Volcker Rule’. The rule prohibits various forms of proprietary trading, and seeks to eliminate conflicts of interest between banks, clients and counterparties. The rule has been developed between a number of agencies. The consultation has, since the date of emission, been extended by the SEC , the FDIC, and the OCC with further questions on the same relating topic.
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