Wednesday, January 08, 2014

'Volcker rule' ban on risky trades passed by regulators


Key provisions of the 2010 Dodd-Frank Act

  • Volcker rule: ban on banks' proprietary trading
  • Volcker rule: limit on banks investing in hedge funds or private equity funds
  • New Consumer Financial Protection Bureau
  • Credit Default Swaps trading moved onto exchanges
  • Banks to spin off certain swaps businesses
  • New capital adequacy rules for big banks in five years
  • New Council of Regulators to monitor systemic risks
  • Regulator powers to seize and resolve big troubled banks
See full Article: http://www.bbc.co.uk/news/business-25310641