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Dodd-Frank Volcker Rule Essentials

This Dodd-Frank Volcker Rule training course provides an overview of the Volcker Rule, a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act that came into effect on April 1, 2014. It summarizes the background, purpose, and scope of the Volcker Rule, and covers compliance requirements, restrictions on proprietary trade and private fund activities, and several important exemptions to the Volcker Rule.

Geography Covered: Americas | Duration: 30 minutes

Summary

In response to the 2008 financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which President Obama signed into law in 2010. One of the most controversial parts of that law is the so-called "Volcker Rule," named after its original proponent, former Federal Reserve Chairman Paul Volcker.

The Volcker Rule is intended to prevent banks from using federally insured deposit funds to make risky investments. To that end, the Rule prohibits banks and their affiliates from engaging in "proprietary trading" – that is, trading for their own accounts in addition to their clients'. The Rule also puts limits on banks' investments in hedge funds and private-equity funds. Completing Volcker Rule training and understanding the intricacies of the law are imperative to supporting a culture of compliance.

The topics covered in the course include:

  • Introduction
  • Scope and Prohibitions
  • Exemptions
  • Permitted Activities
  • Foreign Banking Organizations (FBOs)
  • Fund Activities
  • Compliance Programs
    • Dodd-Frank Volcker Rule Essentials (US)
  • Like with all our courses, the  Dodd-Frank Volcker Rule training course was written by experts and powered by world-leading regulatory intelligence, which tracks more than 900 regulators and exchanges globally to ensure the course content is always up to date.

    All our training courses are driven by practical examples and interactive scenarios to ensure users truly understand and recognize the issues of most importance to your business and learn to instinctively act to support them.

    We employ instructional design techniques optimized for risk and compliance training, enabling your business to educate in a way that reduces risk and helps you build a culture of integrity and compliance.

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