MBA is working to shape Volker Rule reforms.
Overview: The Volcker Rule was enacted as part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. It generally prohibits any banking entity from engaging in proprietary trading or from acquiring or retaining an ownership interest in, sponsoring, or having certain relationships with a hedge fund or private equity fund (‘‘covered fund''), subject to certain exemptions. The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission and the Commodity Futures Trading Commission jointly issued final regulations to implement the Volcker Rule in 2013.
Recent MBA Activity Related to Volcker Rule
- Oct 17, 2018 - MBA Comment Letter on Volcker Rule Regulatory Amendments
- Oct 17, 2018 - Joint Comment Letter on Proposed Volcker Rule Revisions
- Sep 21, 2017 - MBA Comment Letter to the OCC on Volcker Rule
- Sep 21, 2017 - Joint Trade Letter to the OCC on Volcker Rule