The Volcker Rule: Ensure Your Bank is Compliant
1 hour 5 minutes
Understand the key elements of the current Volcker Rule compliance regime.
As the Volcker Rule was being implemented, the OCC, one of the regulatory agencies in charge of implementing it, estimated that its cost to the banking industry could run into the billions. As the Volcker Rule approaches its ninth birthday (and the Dodd-Frank Act that created it nears its twelfth), the OCC’s estimate has been fully borne out. While the banking industry has settled in with the Volcker Rule (with perhaps varying degrees of grudging acceptance), significant compliance requirements, especially for large and complex banks, are ongoing. This course will teach you what the Volcker Rule is, where it came from, and what institutions and entities are impacted by the rule. This material will also review how the rule has changed over the decade or so it has existed, what its current requirements are, including requirements that form the backbone of a Volcker Rule compliance program.
• You will be able to define where the Volcker Rule came from.
• You will be able to describe what the Volcker Rule does.
• You will be able to discuss how the Volcker Rule has changed since it was enacted.
• You will be able to explain key elements of the current Volcker Rule compliance regime.