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: beSpacificFederal Reserve issues final rule to implement Volcker Rule conformance period
By Sabrina
Full post as published by beSpacific on February 09, 2011 (boomark / email).
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...
Online Poker Players Beware: Final Rule to Implement Unlawful Internet Gambling Enforcement Act Issued
The Department of the Treasury and the Federal Reserve Board released a joint final rule to implement the Unlawful Internet Gambling Enforcement Act of 2006. The Act prohibits gambling businesses from knowingly accepting payments in connection with unlawful Internet gambling,...
FSOC Study on Implementing the Volcker Rule: Missed Opportunities and Some Surprises
Editor?s Note: Bradley Sabel is a partner at Shearman & Sterling LLP. This post is based on a Shearman & Sterling client publication by Mr. Sabel and Donald Lamson. Other posts about the Volcker Rule are available here...
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...
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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