Proprietary trading and investment restrictions under the Volcker Rule / Bradley S. Duncan and Alicia M. Brenshaw, editors.

Format:

Book

Contributor:

Duncan, Bradley S., editor.

Brenshaw, Alicia M., editor.

Series:

Business issues, competition and entrepreneurship series.

Business Issues, Competition and Entrepreneurship

Language:

English

Subjects (All):

Banking law--United States.

Banking law.

Bank investments--Law and legislation--United States.

Bank investments.

Physical Description:

1 online resource (122 pages).

Place of Publication:

New York : Novinka, 2011.

Summary:

On 21 July 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Act is intended to strengthen the financial system and constrain risk taking at banking entities. Section 619 of the Dodd-Frank Act, also known as the Volcker Rule, is a key component of this effort. The Volcker Rule prohibits banking entities, which benefit from federal insurance on customer deposits or access to the discount window, from engaging in proprietary trading and from investing in or sponsoring hedge funds and private equity funds, subject to certain exceptions. This book examines the proprietary trading and investment restrictions under the Volcker Rule.

Contents:

Study & recommendations on prohibitions on proprietary trading & certain relationships with hedge funds & private equity funds (Financial Stability Oversight Council)

Statement of Paul A. Volcker, before the Committee on Banking, Housing, and Urban Affairs of the United States Senate Washington, DC, February 2, 2010

Statement of Neal S. Wolin, Deputy Secretary of the Treasury, before the Committee on Banking, Housing and Urban Affairs.

Notes:

Includes index.

Description based on print version record.

ISBN:

1-5361-1609-2