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Volcker Rule. The Volcker Rule generally restricts banking entities from engaging in proprietary trading and from owning, sponsoring, or having certain relationships with a hedge fund or private equity fund. A bank that does not have (and is not controlled by a company that has) more than $10 billion in total consolidated assets and does not ...
Oct 15, 2022 · Learn about how the Volcker rule prohibits banks from engaging in certain activities, such as proprietary trading and having ownership interests in hedge funds.
Jul 11, 2020 · Under the Volcker Rule, a banking entity is generally barred from acquiring or retaining, as principal, an ownership interest in a “covered fund,” subject to certain exceptions. Further, a banking entity generally cannot sponsor a covered fund unless (i) it abides by a series of requirements or (ii) the sponsorship falls within an exception ...
The OCC is posting below information that may be helpful for banks for purposes of Volcker Rule compliance: 2020 Quantitative Measurements Guidance Instructions (PDF) Specifications (PDF) OCC Bulletin 2020-105; 2020 Final Rule Simplifying and Tailoring the Volcker Rule "Covered Funds" Provisions Joint Press Release; Federal Register Notice (PDF)
Jun 10, 2014 · Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act added a new section 13 to the Bank Holding Company Act of 1956 ("BHC Act"), commonly referred to as the Volcker rule, that generally prohibits insured depository institutions and any company affiliated with an insured depository institution from engaging in proprietary ...
Nov 14, 2019 · The OCC and other federal agencies published a final rule amending the regulations that implement section 13 of the Bank Holding Company (BHC) Act, commonly known as the Volcker rule. The effective date for the final rule is January 1, 2020, and the compliance date is January 1, 2021.
Sep 16, 2019 · Volcker Rule 2.0: A Detailed Summary of Final Rule Round 1. September 16, 2019. On Tuesday, August 20, 2019, the Federal Deposit Insurance Corporation and the Comptroller of the Currency approved revisions (the “2019 Final Rule”) to the regulations implementing section 13 of the Bank Holding Company Act, commonly referred to as the ...
