Title: What Every Business Lawyer Should Know About the Final Volcker Rule
Description: The Dodd-Frank Act added a new section to the Bank Holding Company Act, commonly known as the "Volcker Rule," that generally prohibits banking entities and their affiliates from engaging in "proprietary trading" in most securities and derivatives and owning an interest in or sponsoring a private investment fund. The Act charged five federal agencies - the Office of Comptroller of the Currency, Federal Deposit Insurance Corp., the Commodity Futures Trading Commission, the Federal Reserve Board, and the Securities and Exchange Commission - to write regulations to fill in the details. In December 2013 the Volcker Rule was finally issued. Our panel of experts will review the Volcker Rule's provisions and regulations as they apply to US and non-US banks, other depository institutions, and their affiliates.
Panelists: Keith R. Fisher (moderator), Ballard Spahr LLP; Ernest Patrikis, White & Case LLP; Arthur S. Long, Gibson Dunn & Crutcher LLP; Heath P. Tarbert, Allen & Overy LLP
Date: January 21, 2014
Presented by: Banking Law Committee
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