The Volcker Rule Section 619 of the Dodd-Frank Act, commonly known as the “Volcker Rule,” generally prohibits banking entities from engaging in proprietary trading or acquiring an ownership interest in, sponsoring, or having certain relationships with a hedge fund or private equity fund.
In October, the Federal Reserve joined the Office of the Comptroller of the Currency  4  BIS central bankers’ speeches  (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Securities and Exchange Commission in seeking public comment on a proposal to implement the Volcker Rule. The Commodities Futures Trading Commission issued its substantially similar proposal for comment shortly thereafter.