Volcker rule forces trading desk rethink

Trading desks at rule's heart - but do banks have dozens of them, or hundreds?

volcker
Paul Volcker

Depending how they are defined, a big bank might have anything from several dozen trading desks to several hundred – and until the advent of the Volcker rule, with its ban on proprietary trading, the bank might not have cared either way. Now, banks do care, but they are struggling for answers.

It matters because trading desks are the entities lumbered with most of the Volcker rule's compliance work. Each desk is required to state which of the rule's allowed activities it engages in – trading US

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: