The Legal Aspects of the Volcker Rule
The Legal Aspects of the Volcker Rule I. Introduction The Volcker Rule, a provision embedded within the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, emerged as a legal response to the 2008 global financial crisis. Named after former Federal Reserve Chairman Paul Volcker, the rule aims to limit the types of speculative investments that banks can engage in, particularly proprietary trading and certain relationships with hedge funds and private equity funds. The Read more