Client Alert

The Volcker Rule - Impact and Implications for Passage

March 08, 2010

Kevin L. Petrasic

Despite what appears to be general Congressional resistance, late last week the Administration sent to Capitol Hill the text of its so-called Volcker Rule, named after its principal benefactor, former Federal Reserve Board (FRB) Chairman Paul Volcker. The rule addresses two important issues the Administration perceives with respect to continuing risks to the nations banking system banking conglomerates that are too big to fail and the conduct of certain securities activities by banking organizations.

Click here for a PDF of the full text

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