What The Volcker Rule Means for U.S. and Foreign Banks

After much delay, on December 10, 2013, the banking regulators, the SEC and the CFTC issued a joint final rule implementing the ban on proprietary trading and investing in or sponsoring a private investment fund - the so-called "Volcker" rule. Banks now will need to analyze the final regulations to determine how best to comply.

 

Recently, attorneys from Arnold & Porter LLP conducted a webinar on the specifics of the final Volcker rule and what banks should begin to do now to prepare for implementation.

 

Topics covered included:

* Overview of the rule
* Scope of the rule and covered activities
* Key differences from statutory text and 2011 proposal
* Exemptions
* Implementation timeline and issues
* Compliance programs