Volcker Rule: Current View of Potential Implications

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Recommended that you register at least two weeks in advance.

Course Features

  • Course date:10/30/2019
  • Course Duration: 1 Day
  • Level: Intermediate
  • Prerequisites: None
  • Method: Live & Virtual
  • Venue: MicroTek
  • Time: 9:00 am – 5:00 pm
  • Dress Code: Business Casual

Volcker Rule: Current View of Potential Implications

Many market participants have breathed a sigh of relief that the Volcker Rule has been released. Pundits will move on to other topics. The real work, however, now begins for bank examiners, financial regulators, and a wide array of financial, legal, and IT professionals at banks.  Global banks and foreign bank operations, in particular, will also have to contend with regulations coming from multiple jurisdictions. This interactive course focuses on key challenges facing banks in analyzing the potential impact of the Volcker Rule on their operations and how supervisors will have to adapt to supervise and enforce the rule.

Learning Objectives

At the end of this class, participants will be able to:

  • Enumerate and analyze components of the Volcker Rule
  • Define metrics relevant to Volcker Rule compliance
  • Discussion calculation of relevant metrics
  • Analyze the impact of the new rule on reporting requirements
  • Compare and contrast issues that will arrive for Globally Systemically Important Banks (GSIBs) and Foreign Bank Organizations (FBOs)

Module I:  Original Volcker Rule vs. Newly Revised Volcker Rule

  • Describe all products covered by the Volcker Rule
  • Discuss all exclusions and exemptions
  • Describe changes to market making, risk mitigating and liquidity exemptions
  • Show different compliance requirements for different banks based on their traded assets and liabilities

Module II:  Required Metrics

 

  • Discuss metrics banks that will have to be maintained
    • Calculation and data requirements for the metrics

Module III: Preparing for the Volcker Rule

  • Identify how banks are changing their business strategies
  • Enumerate how banks will have to prepare to meet Volcker Rule underwriting and market-making exemptions
  • Discuss changes to compliance and auditing requirements at banks
  • Identify elements that will have to be included in updated compliance manuals
  • Evaluate how banks’ data collection and monitoring requirements will have to change
  • Analyze ways banks will have to prepare to change and document hedging strategies to be in Volcker Rule compliance

Case Study

Module IV: Role of Supervisors and Examiners

  • Discuss the role of the different regulators in enforcing and monitoring Volcker Rule compliance
  • Enumerate challenges regulators will have with banks’ Dodd-Frank implementation

Mayra’s latest article on Volcker Rule:

The Volcker Rule Should Be Strengthened For Big Banks And Made Transparent

Instructor

  • Mayra Rodríguez Valladares is the Managing Principal of MRV Associates.  She specializes in training and consulting solutions for Basel III, Dodd-Frank, risk management, financial derivatives, capital markets, foreign exchange, and corporate finance.  She has worked with the private sector and foreign central banks in the US, UK, Latin America Eastern Europe, Central, and Southeast Asia, …
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