In October 2011, regulators released a joint proposal to implement Paul Volcker's idea which had been codified in Section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule. At nearly 300 pages in length, the proposal asked commenters to respond to more than 1,000 questions. It immediately appeared that no one liked it.
Proponents of the Volcker Rule voiced concern that the proposal was too weak. They agreed that it was overly-complicated, but insisted that was the result of industry meddling. Even Volcker was cool on it. In the weeks and months following its release, industry participants, lawmakers and foreign regulators have weighed in claiming the proposal could cause a broad range of problems if implemented as written.
In this special report, Dodd Frank Update takes an in-depth look at some of proposal's key provisions and their potential impact. You'll learn why regulators crafted the proposal as they did, and why they believe more input from the public is necessary. You'll also learn about the issues surrounding the Volcker Rule proposal released by the Commodity Futures Trading Commission.
The Volcker Rule special report covers:
- The joint proposal released by federal regulators
- Impact on liquidity
- Identifying proprietary trading
- The CFTC's proposal
- Transactional exemptions
- CFTC Division
- The proposals' potential headaches
- International impact
- Compliance burden
- SIFMA's deadline day comment letters
- Proprietary trading and private funds
- Municipal securities and securitized products
Available FREE with Dodd Frank Update Subscriptions.