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.
Event Details
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.
PRE-READING:
Hot Issues for Directors: Director Oversight Responsibilities—Cybersecurity and the Volcker Rule, Winston & Strawn, Jerry Loeser, et al (slides 6-9)
http://cdn2.winston.com/images/content/7/7/v2/77515/Webinar-Hot-Issues-for-Directors.pdf
The Volcker Rule, How a Simple Idea to Rein in Banks got Supersized, Yalman Onaran, Bloomberg 01/17/14
http://www.bloomberg.com/quicktake/the-volcker-rule/
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
http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20131210a3.pdf
Volcker Rule Ushers in Era of Increased Oversight of Trades, Silla Brush, et al., Bloomberg
http://www.bloomberg.com/news/2013-12-10/volcker-rule-eases-market-making-while-hedges-face-new-scrutiny.html
ADDITIONAL RESOURCES:
The "Volcker Rule" for Financial Institutions, President Obama announcement 01/21/10 (8 min video)
http://www.whitehouse.gov/photos-and-video/video/volcker-rule-financial-institutions#transcript
American Bankers Association, ABA Position and links to multiple articles on the Volcker Rule
http://www.aba.com/Issues/Pages/Volcker-Rule.aspx
Booth Club Members: $14.00
Booth Students: $14.00
Non-Members: $16.00