Proprietary Trading and Investment Restrictions Under the Volcker Rule

ISBN: 9781613240663 出版年：2011 页码：122 Bradley S Duncan Alicia M Brenshaw Nova Science

On July 21st 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 new book examines the proprietary trading and investment restrictions under the Volcker Rule.