Thursday, February 20, 2014



IWS Documented News Service


Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau



Thomson Reuters



THE VOLCKER RULE: BURDEN FOR MANY, OPPORTUNITY FOR SOME (Whitepaper) [February 2014]{581d86fc-778f-48aa-ac0e-84457a294954}_2014-02_Volcker_Rule_Whitepaper_GRC00802.pdf

[full-text, 12 pages]


[full-text, 12 pages]



The long-awaited Volcker Rule is the latest section of the Dodd-Frank U.S. regulatory overhaul to have a big impact on companies. There is little doubt that the Volcker Rule is going to require yet more regulatory-driven investment by organizations, increasing the cost of compliance even further. Banks are concerned about what a ban on proprietary trading, and the resulting compliance framework they must put in place, will mean for their businesses. Smaller financial services organizations wonder what the knock-on effects of the Volcker Rule will mean for them.


Several areas of this rule have yet to be determined, which makes preparation an even greater challenge for financial institutions. With the Volcker Rule taking effect in June 2014, how are banks preparing to meet the looming deadlines?


Read this whitepaper to help you:

•    Identify what infrastructure demands are required to meet the Volcker Rule 

•    Understand how U.S. and non-U.S. banks will need to modify their compliance programs

•    Discover the metric reporting requirements, compliance exams and testing deadlines

•    Understand the enforcement process and what the potential penalties will be

     for non-compliance 

•    Learn about the requirements for chief executive attestation




This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.


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