Dodd Frank Update: Clarifying Volcker

Law360, New York (May 1, 2012, 12:46 PM EDT) -- On April 19, 2012, the U.S. Federal Reserve Board announced that entities subject to Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the so-called "Volcker Rule") will have until at least July 21, 2014, to bring their activities and investments into compliance with the restrictions and prohibitions of this provision of Dodd-Frank.

The Volcker Rule generally imposes restrictions on the ability of a covered banking entity to engage in proprietary trading, or to have certain types of interests in, or relationships with,...
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