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: Securities Law Prof BlogFed Confirms Two-Year Period to Conform Activities to Volcker Rule
By Securites Lawprof
Full post as published by Securities Law Prof Blog on April 19, 2012 (boomark / email).
Volcker Rule Conformance Period Clarified
The Federal Reserve Board announced its approval of a statement clarifying that an entity covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the so-called "Volcker Rule," has the full two-year period provided by the statute to fully conform its activities and investments, unless the Board extends the conformance period...
Banks Already Moving to Evade Volcker Rule
"One early report contended that the Volcker rule would affect less than 1% of banks? activities. A Wall Street Journal report indicates that financial firms are reconfiguring dealing desks to evade the Volcker rule...
Volcker Rule Proposed by the SEC
More than a year after the passage of Dodd-Frank, the S.E.C. voted today to propose a rule to implement section 619 of the Dodd-Frank Act, commonly known as the "Volcker" rule. The Volcker Rule under Dodd-Frank generally prohibits federally-insured banks...
Volcker Said to Be Disappointed With Final Version of His Rule
``Paul Volcker is disappointed with the final version of the rule that bears his name... Volcker, the 82-year-old former Federal Reserve chairman, didn?t expect the proposal to be diluted so much, said a person with knowledge of his views...
The legislative headaches of the Volcker Rule
Tracy Alloway has the transcript of the White House background briefing on the new, Volcker-inspired, banking regulations. And yes, they do require extra legislation:
An Enforcement Mechanism for the Volcker Rule
I wish I could take credit for this, but I can't. A colleague came into my office today with a proposed enforcement mechanism for the Volcker rule, and when I opened my mouth to disagree with him, nothing came out...
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