Join Compliance Week and former U.S. Department of Justice Attorney Michael Johnson for a two-day virtual seminar (July 15-16) on how to apply scientifically validated methods to interview witnesses and assess credibility in workplace investigations.
July 21 was a big day for banks and the beginning of the Volcker Rule’s compliance regime. The rule, a cornerstone of the Dodd-Frank Act, prohibits proprietary trading activities at federally insured banks. In our latest podcast, we talk to Chris Scarpati, a partner in PwC’s financial regulation practice about what the deadline entailed and what’s ahead for these financial institutions.
Listen to the Podcast. (8 min., 7 MB)
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Since the day the Dodd-Frank Act was passed nearly a decade ago, the Volcker rule has been a burr under the saddle for Republicans. Now, their complaints are a lot closer to having a remedy, with plans to ease the rule’s burden on community banks.
While members of the Trump Administration wave off persistent critics, rule changes are starting to take root, notably for the Volcker rule.
Despite pushback from some regulators and Democrats in Congress, the newest Volcker rule update will allow banks—in certain circumstances—to invest or sponsor hedge funds and private equity funds.
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