Regulatory Compliance Association Reviews

The Volcker Rule: Adjusting to a New Landscape

Practice Edge 02

The Volcker Rule: Adjusting to a New Landscape

Date: June 12, 2014
General Session: 12 Noon to 1:30 PM
Location: Webcast (Free)

Five federal financial regulatory agencies have recently adopted regulations to implement the Volcker Rule, which was enacted as part of the reforms contained in the Dodd-Frank Act. The Volcker Rule seeks to address threats that Congress believed that proprietary trading and private equity fund activities could pose to individual banking entities and financial stability generally. Banking entities generally have until July 21, 2015 to bring their activities and investments into compliance with the prohibitions and restrictions of the Volcker Rule. This will require banking entities to carefully review their operations and may require termination or reduction of certain activities and divestiture of existing investments. These adjustments by banking entities may offer a range of new opportunities for non-banking entities that are not subject to the Volcker Rule.

Students will master the following within this class session:

    • What entities are subject to the requirements of the Volcker Rule;
    • What prohibitions and restrictions will apply to proprietary trading by banking entities;
    • What impact will the Volcker Rule have on underwriting, market making, hedging by banking entities;
    • What types of private equity and hedge fund activities will be prohibited;
    • What options will banking entities have to continue fund-related activities; and
    • What opportunities may develop for non-banking entities that are not subject to the Volcker Rule.

Session Chairman:
Walter Zebrowski, JD, CPA, Principal, Hedgemony Partners
Chairman, Regulatory Compliance Association

Senior Fellow from Practice:
David Vaughan, JD, Partner, Dechert LLP

Guest Lecturers:
David Harris, JD, Partner, Dechert LLP
Robert Ledig, JD, Partner, Dechert LLP
Corey Rose, JD, Partner, Dechert LLP
Cynthia Williams, JD, Partner, Dechert LLP