Risk Audit - Training and Recruitment
Monday, 20 February 2012

The Volcker Push Back

Last week saw the end of the consultation period concerning the detailed rules which will implement the Volcker proposals.

These new provisions (contained in the Dodds Frank Act) will ban US banks from proprietary trading. The three pages of legislation in Dodds Frank have been turned into 298 pages of detailed rules.

Regulators have received 16,000 letters and responses. A late flurry of activity saw banks co-ordinating their responses to ensure that they did not contradict each other.

Risk Audit will be running its Proprietary Trading – The Volcker Dilemma webinar on Wednesday 29th February.

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