Volcker rule revisions may complicate compliance, experts warn

complex data_Getty - web — Complex idea: banks would have to notify regulators ‘promptly’ if these limits are increased or breached

Joanna Wright
08 Jun 2018

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A hotly anticipated proposal to revise the Volcker rule – released by US regulators on May 30 – could make it more complicated for banks to comply with the prohibition on proprietary trading, experts warn.

“Now what the regulators are saying is that any time you breach, you have to promptly notify the regulators,” says Michael Bailey, a principal in the risk and financial advisory practice at Deloitte. “The question is: what does ‘promptly’ mean? Is that end of the week, immediately, intraday

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