Volcker Rule

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Volcker Rule: A federal regulation that prohibits banks from conducting certain investment activities with their own accounts, and limits their ownership of and relationship with hedge funds and ...
The Volcker rule generally prohibits banking entities from engaging in proprietary trading or investing in or sponsoring hedge funds or private equity funds. The regulations have been developed by five federal financial regulatory agencies, including the Federal Reserve Board, the Commodity Futures Trading Commission, the Federal Deposit ...
The Volcker Rule refers to § 619 of the Dodd–Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. § 1851).The rule was originally proposed by American economist and former United States Federal Reserve Chairman Paul Volcker to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers.
The Volcker Rule refers to Sec 619 of the Dodd-Frank Act, which prohibits banks from engaging in proprietary trading, or from using their depositors’ funds to invest in risky investment instruments. The rule also prohibits banks from owning or investing in hedge funds or private equity funds. Before the 2008 financial crisis, banks engaged in ...
Volcker Rule. The Volcker Rule generally restricts banking entities from engaging in proprietary trading and from owning, sponsoring, or having certain relationships with a hedge fund or private equity fund. A bank that does not have (and is not controlled by a company that has) more than $10 billion in total consolidated assets and does not ...
The Volcker Rule was proposed by former Federal Reserve Chairman Paul Volcker. At the time, he was the chair of President Barack Obama's 2009-2011 economic advisory panel. When Volcker was Fed Chairman, he courageously raised the fed funds rate to uncomfortable levels to starve double-digit inflation. Although this helped cause the 1980-1981 ...
The OCC and other federal agencies published a final rule amending the regulations that implement section 13 of the Bank Holding Company (BHC) Act, commonly known as the Volcker rule. The effective date for the final rule is January 1, 2020, and the compliance date is January 1, 2021.
Banks that have total consolidated assets equal to $10 billion or less and total trading assets and liabilities equal to 5 percent or less of total consolidated assets are generally exempt from the Volcker rule. See 12 CFR 44.2 (r) (2) and OCC Bulletin 2019 32, “Volcker Rule: Final Rule.”.
The Volcker Rule requirements for monitoring compliance lend themselves to the "three lines of defense" model. In the first line, the business line managers must create a culture of compliance for the desks, including implementing a compensation structure that rewards risk reduction and not risk-taking. The second line of defense focuses on the ...
FDIC, Fed, OCC and SEC Final Volcker Rule Preamble. December 10, 2013. CFTC Final Volcker Rule Regulations. December 10, 2013. CFTC Final Volcker Rule Preamble. December 10, 2013. Fed Order Approving Extension of Conformance Period. December 10, 2013. Davis Polk Blackline of Proposed vs. Final Volcker Rule
Frequently Asked Questions. Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act added a new section 13 to the Bank Holding Company Act of 1956 ("BHC Act"), commonly referred to as the Volcker rule, that generally prohibits insured depository institutions and any company affiliated with an insured depository institution from engaging in proprietary trading and from ...
Volcker Rule Implementation. On December 10, 2013, the Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve System ("Board"), the Federal Deposit Insurance Corporation, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission issued final regulations to implement ...
The Volcker Rule’s purpose is to prevent banks from making certain types of speculative investments that contributed to the 2008 financial crisis. Named after former Federal Reserve Chairman Paul Volcker, the Volcker Rule disallows short-term proprietary trading of securities, derivatives, commodity futures and options on these instruments ...
The Volcker Rule is a specific portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act (often simplified as the Dodd-Frank Act) that was intended to reduce risks to taxpayers and the world economy. The goal was to prevent banks from engaging in several risky behaviors that helped lead to the Global Financial Crisis (GFC).
The Volcker Rule was established following the Great Recession of the late 2000s and early 2010s. Essentially, the law stops depository banks from making risky and speculative investments with customer deposits. Furthermore, it prohibits banks from owning and investing in private equity funds, hedge funds and some other specific investments. This is meant to protect customers’ funds from ...
The Volcker Rule, a ban on proprietary trading for banks named for former Federal Reserve Chair Paul Volcker, above, has been in place for almost a decade. It's time for a similar ban to apply to members of Congress, American Banker's Washington bureau chief writes. But upon seeing the proposed Volcker rule for the first time, the most ...
On June 25, 2020, five federal financial regulators jointly issued a final rule that modifies existing regulations implementing the Volcker Rule’s general prohibition on banking entities investing in, sponsoring, or having certain relationships with hedge funds or private equity funds (collectively, “covered funds”).
The Volcker Rule is an example of a means of addressing this issue. See, Financial Reform: An Overview of The Volcker Rule, In Focus (Congressional Research Service, July 9, 2018).
Paul Volcker was Chair of the Federal Reserve from 1979 to 1987. In 1980, the Volcker Shock raised the fed funds rate to its highest point in history to end double-digit inflation. In 2015, the Volcker Rule prohibited banks from using customer deposits to trade for their profit. 1 In 2014, Volcker called for a new Bretton Woods Agreement to ...
Agencies approve final rule to simplify and tailor the " Volcker Rule ". On August 20, 2019, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) signed the final rule ( Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge ...
The Volcker Rule is the common name for section 13 of the Bank Holding Company Act of 1956. It is a federal regulation that prohibits banks as well as institutions that own banks from conducting proprietary trading activities from their own accounts. The Volcker Rule also interdicts certain relationships with hedge funds and private equity funds.
Because of the Volcker Rule’s complexity, the OCC developed these interim examination procedures to help examiners understand and focus on the rule’s key aspects and to work with banks during the conformance period to measure progress toward achieving compliance by July 21, 2015. The procedures emphasize. identification of activities ...
(Bloomberg) -- The message from markets this past week has been that Federal Reserve Chairman Jerome Powell will channel his inner Paul Volcker and deliver the fire and brimstone of large, inflation-crushing interest-rate increases in remarks at Jackson Hole on Friday. Most Read from BloombergSaudi Prince Says Oil’s Disconnect May Force OPEC+ ActionCovid Incubation Gets Shorter With Each New ...
The Volcker Rule’s prohibition on proprietary trading applies to all trading conducted for a firm’s trading account. 62 Any transactions that occur outside of the trading account fall outside ...
The Volcker rule prohibits banks from engaging in proprietary trading activities. Proprietary trading is defined by the rule as a bank serving as a principal of a trading account in buying or ...
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What is the Volcker Rule?

The Volcker Rule is a specific portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act (often simplified as the Dodd-Frank Act) that was intended to reduce risks to taxpayers and the world economy.

What Is the Volcker Rule, and How Does It Work?

The Volcker Rule was established following the Great Recession of the late 2000s and early 2010s.

What is the purpose of the Volcker Rule?

The Volcker rule prohibits banks from engaging in proprietary trading activities.