The US Senate's recently passed financial reform legislation contains the "Volcker Rule," which would broadly restrict covered financial institutions from engaging in proprietary trading activities, as well as private fund sponsorship, management and investment activities. It currently appears likely that, whatever action is taken in the House-Senate conference, the final legislation will contain the Volcker Rule language or something substantially similar.
Please join Mayer Brown partners Michael Butowsky, Charles Horn and David Sahr for our call on Thursday, June 17, to address certain key issues in the Volcker Rule, including:
- Proprietary trading restrictions
- Hedge/private equity fund restrictions
- Bank and fund manager response strategies
- Possible conference committee outcomes for the Volcker Rule