The federal banking regulators, SEC and CFTC have jointly proposed revisions to the Volcker Rule that, if adopted, will significantly change it, particularly with respect to the prohibition against proprietary trading. The agencies intend the proposed revisions to clarify the requirements of the Volcker Rule in order to (i) adopt a more risk-based approach, (ii) make the implementation of the regulation more efficient and less burdensome by reducing its complexity and (iii) make changes based on the experience of the industry and the regulators with the current regulations.
Please join Mayer Brown lawyers David Sahr, Donald Waack, Carol Hitselberger and Matthew Bisanz on June 12 for a 45-minute discussion of the proposed revisions to the Volcker Rule and the significant issues contained in those revisions that may form the basis of industry comment letters.
Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.
For additional information or to register, please contact GFM@mayerbrown.com.