The Volcker Rule Compliance Monitoring Program
The final "Volcker Rule" issued December 10, 2013, requires banking entities to demonstrate that prohibited proprietary trading is not taking place at their firms. While smaller, less complex banks obtain much relief in the final rule, medium-sized and larger banks must implement a rigorous compliance program. This paper explores the following:
- Three types of compliance programs
- Standard vs. enhanced compliance programs
- Timing considerations
- Roles and responsibilities
- Technology considerations
Download this paper for insights into compliance program requirements for the proprietary trading restriction component of the Volcker Rule, in particular for these medium-sized and larger banks where much work is required with not much time to do it.