Be Compliant with the Volcker Rule before it takes Effect; look at it from a Community Bank Perspective.
The Volcker Rule ushered in tradition prohibitions is sought by Congress following the financial crisis. The rule is codified in section 619 of the Dodd Frank Act which was passed in July 2010 and regulators issued their final rule implementing the section in December, 2013. The Volcker Rule was meant to prevent financial institutions from threatening depositors’ funds or the financial system by taking excessive trading risks or investing in private equity funds. Ironically, the final rule permits the instruments that precipitated the crisis (mortgage backed securities and credit default swaps). It also exacerbates the liquidity risk posed by private equity investments. The rule takes effect in July of 2015. While some of the rule applies only to large banks, other sections apply to all financial institutions.
In this webinar, expert speakerTally Ferguson CFA will summarize regulatory requirements, and provide references for more detailed assessment. His focus will, however, be on how to build a Volcker Rule compliance plan for financial institutions with less than $10 billion in assets. Then, he would proceed to explain how that plan would have to change as your financial institution grows. It has taken regulators almost four years to write down the regulations and financial institutions have less than half of that time to comply with it. Attend this webinar and gain effective compliance by learning:
A framework for breaking down the 978 page rule into manageable parts
A template for building a compliance plan for under $10 billion financial institutions
A list of “triggers” that could inadvertently cross the line between Volcker Compliance and non-compliance
Helpful references for more detailed guidance
P.S: This material is subject to change. Congress is considering several bills that exempt smaller banks from some Volcker rule requirements.
Trading and investing limitations in the Volcker Rule
Volcker Rule Compliance requirements
Techniques for breaking down the Volcker rule into portions applicable for your organization
Template for building a Volcker rule compliance plan for under $10 billion financial institutions
Pitfalls where community banks might inadvertently fall out of compliance
Who Should Attend
Community banks and Mid-size banks
Treasurers and Auditors
Capital Markets compliance professionals
Risk managers covering compliance and market risk, internal auditors
Tally Ferguson CFA brings unique blend of regulatory compliance and quantitative risk management skills with nearly 30 years experience as a bank regulator, regulatory consultant and risk manager. He is currently the Director of Risk Management at BOK Financial, responsible for risk monitoring...
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.