Volcker rule clarity: Waiting for Godot
Volcker first take
Is your company preparing for the Volcker Rule?
The Federal Reserve Board expects that banking organizations engage in "good-faith planning efforts" leading to compliance with the final rule by no later than July 21, 2014.
In advance of the Volcker Rule, companies should:
- Have an impact analysis of the proposed rule on trading activities and strategies
- Develop strategic solutions which consider trading activities in terms of compliance requirements
- Develop or confirm capabilities for Volcker reporting including outcomes related to quantitative metrics
- Determine their programmatic compliance needs
PwC can help your business prepare.