For U.S. Bank Ratings, The Volcker Rule's Impact Depends On The Final Details
2875 words —
Published Oct 22, 2012
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| Abstract: | Complex, controversial, and contentious. The Volcker Rule continues to stir up disagreements among politicians, regulators, and bankers. The issue has also reached overseas, with foreign governments and regulators showing a strong response. The Volcker Rule--section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA), which was passed into law a little over two years ago--prohibits banks and their affiliates from engaging in proprietary trading and sponsoring or investing in private equity or hedge funds. (See "It's All In the Execution: The Dodd-Frank Act Two Years Later," published July 12, 2012.) The issue has become politicized in this election year, and the debate intensified after JPMorgan Chase&Co. reported large trading losses in the second quarter. (Watch |
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| Brief Excerpt: | RESEARCH Ratings Definitions PDF For U.S. Bank Ratings, The Volcker Rule's Impact Depends On The Final Details Publication date: 22-Oct-2012 Primary Credit Analyst: Kenneth J Frey Jr, CFA, New York (1) 212-438-4415; ken_frey@standardandpoors.com... |
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| Report Type: | Commentary |
| Sector | Global Issuers, Public Finance, Structured Finance |
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| Format: | | HTML |  |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
