Volcker rule revisions may complicate compliance, experts warn

US regulators’ efforts to simplify key test of trading intent could ramp up data demands

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

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

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 individual account here