Volcker Rule Summary
This summary discusses Section 13 of the Bank Holding Company Act of 1956, also known as the Volcker Rule. First, this summary briefly discusses the purpose of the Volcker Rule. Next, it provides an overview of the background of the Volcker Rule, the implementation of the rule in 2013, and the general structure of the rule. The summary then provides a breakdown of the July 2019 amendments, and the corresponding community bank exclusion. The summary then discusses January 2020 revisions to the Volcker Rule, including the three-tiered compliance approach. Next, the summary details the timing of the revisions to the Volcker Rule, followed by a discussion of the pending changes to the covered funds provisions of the Volcker Rule, proposed in late January 2020. Finally, this summary provides a list of references to the pertinent sources, and an action plan your bank can follow to ensure compliance with the most recent changes to the Volcker Rule.
Members Can Download This Tool
Login to Download
Not Yet a Member?
Our members enjoy:
On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time
Research time saved daily/ weekly across forms, across checklists, across trainings — for every regulation
Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff
A sounding board for support and reassessment when institutional goals or the regulatory environment changes
Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions
The knowledge that C/A was created and owned by 29 State Bankers Association to provide bank compliance services to their membership organizations
Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.