Volcker Rule Compliance To Cost Up To $4.3B, OCC Says

Law360, Washington (March 20, 2014, 7:46 PM EDT) -- The Dodd-Frank Act-mandated Volcker Rule, which bars most proprietary trading by banks, could result in an initial $4.3 billion hit to institutions from divestiture and compliance costs, the Office of the Comptroller of the Currency said Thursday.

In an analysis of the rule prepared for Congress, the OCC said that while it couldn't accurately capture certain difficult-to-estimate indirect costs stemming from issues like decreased liquidity — or benefits from issues such as reduced risk — it believed the initial annualized cost of implementation of the Volcker Rule...
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