• Volcker Rule Highlights and Initial Reactions
  • December 27, 2013
  • Law Firm: Jones Day - Cleveland Office
  • On December 10, 2013, five financial regulatory agencies adopted a final rule (the “Volcker Rule” or the “Rule”) to implement the prohibitions on engaging in proprietary trading, and on owning, sponsoring or having certain relationships with hedge funds or private equity funds (”covered funds”), that apply to a “banking entity” pursuant to the so-called “Volcker Rule” provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.