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 urged the agencies to revise -- and then re-propose -- the proposed rules to make them more narrowly and clearly focused on the activities that are not permitted. ABA also asked that the agencies, among other things, to narrow the definition of “banking entity” and ensure that community banks that do not engage in prohibited activity are exempt from adopting compliance programs related to the rule. ABA will continue to ask the agencies to interpret the Volcker Rule in a manner that will minimize disruptions and costs to the banking system.

ABA News

ABA Analysis

Agency Rules & Releases

Letters to Congress

Comment Letters/Correspondence

ABA Challenge to Volcker Rule

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​Questions? Please contact Timothy Keehan for more information.
 

 ABA Staff Contact

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

 ABA Resources

 
 

 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.