On December 10, 2013, the Federal Reserve, FDIC, OCC, SEC and CFTC issued the long-awaited Final Rule construing the Volcker Rule. The Volcker Rule generally prohibits, subject to exceptions, a bank from engaging in proprietary trading and from acquiring or retaining an ownership interest in or sponsoring a hedge fund or private equity fund. The Final Rule is complex in scope and has already elicited significant commentary and questions from the banking industry and the public at large. This webcast will discuss the impacts of the final Volcker Rule on community banks.
Topics of discussion include: