Tensions Raised by the Volcker Rule

Corporations, Securities & Antitrust Practice Group and Financial Services & E-Commerce Practice Group Teleforum

Tensions Raised by the Volcker RuleJP Morgan famously reported losses of $2B last quarter, prompting a great deal of discussion about the proper role of regulators in the financial services sector. The Volcker Rule, being promulgated under Dodd-Frank, would limit proprietary trading by certain institutions. But just how easily can industry players and regulators define “proprietary trading,” especially as opposed to legitimate hedging and other risk shifting? Further, will the Volcker Rule single out the U.S. financial services industry by prohibiting activities still permitted by foreign competitors and, if so, with what result? These and other questions will be discussed by our experts. Featuring Prof. Michael S. Barr of the University of Michigan Law School and Prof. Jonathan R. Macey of Yale Law School.

Tensions Raised by the Volcker RuleJP Morgan famously reported losses of $2B last quarter, prompting a great deal of discussion about the proper role of regulators in the financial services sector. The Volcker Rule, being promulgated under Dodd-Frank, would limit proprietary trading by certain institutions.  But just how easily can industry players and regulators define “proprietary trading,” especially as opposed to legitimate hedging and other risk shifting? Further, will the Volcker Rule single out the U.S. financial services industry by prohibiting activities still permitted by foreign competitors and, if so, with what result?  These and other questions will be discussed by our experts.

Featuring:

  • Prof. Michael S. Barr, University of Michigan Law School
  • Prof. Jonathan R. Macey, Yale Law School

Call begins at 2:00 p.m. Eastern Time.

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