Banks that have been heavily investing in Dodd-Frank compliance can add an enhanced Volcker rule to the growing list of compliance expenditures. The rule was already unpopular on Wall Street because it is difficult to show that a trade is Volcker compliant and to navigate the rules on hedges. Banks must spend the next year and a half ensuring their inventory systems are satisfactory to meet the mandate, requiring large financial and time commitments. Register for the SIFMA Member Call: Impact of the Volcker Rule -- tomorrow at 11 a.m. EST.

Related Summaries