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26 Jul
2017

Chipping away at Dodd-Frank: speculation subsides as US Treasury releases reform recommendations

On 12 June 2017, the US Treasury released the first in what will be a series of financial regulatory reports in accordance with Executive Order 13772 signed by President Trump.  The publishing of “A Financial System That Creates Economic Opportunities – Banks and Credit Unions” now gives us a better understanding of what the future Read More

22 Aug
2016

Volcker delay – big Wall Street banks ask for 5 more years

Several large Wall Street banks, including Goldman Sachs, Morgan Stanley, and J.P. Morgan, have requested five more years to comply with the Volcker rule, in order to sell their holdings which will become more difficult to sell as the summer deadline moves closer.  If their request is accepted, it will give them until 2022 to Read More

31 Jul
2015

One giant leap for the American financial services industry?

JWG analysis. It may have taken five years and five regulatory agencies to bring about, but the final version of the Volcker rule has officially landed. The Volcker Rule, also known as Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), was named after former Federal Reserve chair, Paul Volcker, who Read More

11 Dec
2013

Banks spared prop trading ‘apocalypse’ … for now

  • 11th December 2013
  • RegTechFS

Today, a final version of the long-awaited Volcker Rule has been published by the five US agencies involved in its drafting.  The rule as finalised is something of a victory for banks owing to multiple broad exemptions and an extension of the timeline.  However, there are many questions still outstanding, and implementation will be a Read More