Volcker Rule

Section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule, prohibits banks from engaging in proprietary trading and from investing in or sponsoring hedge funds or private equity funds.

ABA Position

ABA believes that the Volcker Rule should be repealed in its entirety, and that in the meantime, regulators work to mitigate the rule’s harmful effects by shifting the regulatory focus to clearly defining which activities are specifically prohibited under the rule. There is further a need to revise the scope of the application so that it applies only to systematically significant cases, and to improve interagency coordination on supervision and enforcement. ABA will continue to ask the agencies to interpret the Volcker Rule in a manner that will reduce the compliance burden and minimize disruptions and costs to the banking system.

 

 Newsbytes

 
 

 Comment Letters

 
 

 Letters to Congress & Regulators

 

ABA Analysis

Agency Rules & Releases

ABA Challenge to Volcker Rule

​Questions? Please contact Timothy Keehan for more information.

 

 ABA Staff Contact

 
  • Tim Keehan, VP/ 
    Sr. Counsel II, ABA Center for Securities, Trusts & Investments
 

 Working Groups

 
There are three ABA Volcker Rule Working groups that deal with the Volcker Rule:
  • Proprietary Trading Working Group
  • Funds Working Group
  • Midsize Bank Working Group
These groups meet periodically to discuss policy and other issues raised by the Volcker Rule. Participation is open to ABA members only.
 

 Related Resources