The Volcker Rule generally prohibits banking entities from engaging in short-term proprietary trading for their own account and from owning, sponsoring, or having certain relationships with hedge funds or private equity funds.
Please do the pre-reading below to prepare for our informal discussion group among peers. We hope that you will join us over lunch for a discussion with your peers. (Lunch is included in the price.)
THE VOLCKER RULE
Jerry Loeser, a regular member of our forum, will be moderating this discussion. Jerry is an attorney of counsel to Winston & Strawn LLP with extensive experience in counseling financial services clients on bank regulation.
Hot Issues for Directors: Director Oversight Responsibilities—Cybersecurity and the Volcker Rule, Winston & Strawn, Jerry Loeser, et al (slides 6-9)
The Volcker Rule, How a Simple Idea to Rein in Banks got Supersized, Yalman Onaran, Bloomberg 01/17/14
Final Rules to Implement the "Volcker Rule," Fact Sheet released jointly by: Board of Governors of the Federal Reserve System, CFTC, FDIC, OCC, and SEC
Volcker Rule Ushers in Era of Increased Oversight of Trades, Silla Brush, et al., Bloomberg
The "Volcker Rule" for Financial Institutions, President Obama announcement 01/21/10 (8 min video)
American Bankers Association, ABA Position and links to multiple articles on the Volcker Rule
Booth Club Members: $14.00
Booth Students: $14.00