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#1704382 - 05/30/12 02:52 PM Volcker Rule Policy
upstateNY Offline
Platinum Poster
Joined: Apr 2003
Posts: 933
New York State
Because even small banks are required to have a Volcker Rule Policy in place by July 21st, I'm reaching out to see if anyone has written one and would be willing to share. Thanks

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#1704429 - 05/30/12 03:41 PM Re: Volcker Rule Policy upstateNY
straw Offline
Power Poster
straw
Joined: Nov 2002
Posts: 9,121
Since the regulators haven't defined what is an acceptable trade, how can you write a policy to comply with a rule that is not written.

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#1704435 - 05/30/12 03:46 PM Re: Volcker Rule Policy upstateNY
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,763
Turnpike Exit 10
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

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#1705629 - 06/01/12 02:57 PM Re: Volcker Rule Policy upstateNY
straw Offline
Power Poster
straw
Joined: Nov 2002
Posts: 9,121
Right, so what is a proprietary trade? Until they clearly define that, good luch showing good faith. That will change with each examiner. Someone who agrees with Levin will believe every trade is proprietary while someone who agrees with one of the law firms will believe most trades are hedges.

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