IT and the Volcker Rule

The Volcker Rule was among the most controversial provisions of the landmark Dodd Frank regulatory
reform package. The goal was to prevent commercial banks with FDIC-insured assets from making
risky proprietary bets. As various iterations of the proposal have been circulated, it’s become clear that
crafting a set of internal policies to achieve this goal will be difficult. While the final rule set has not been
set, banks and bank technology vendors would be wise to start thinking about this now. It’s a given that
bank proprietary trading systems will need to be significantly upgraded to be able to delineate between
permitted activities and prohibited activities. In the end, significant IT work will be required, either at
the bank level or the vendor level, and a strict compliance program will be necessary to ensure banks
conform to the new rules. There is a lot that banks and vendors could be doing now. Join FierceFinance,
FierceFinanceIT and FierceComplianceIT for a Webinar that offers a comprehensive look at the proposed
law and how companies should be preparing for compliance. Projected speakers: compliance consultant/
executives.