Financial Stability Oversight Council lays down tough compliance targets

Source: Financial Stability Council

As mandated by the Dodd-Frank Act, the FSOC conducted a study on how best to implement Section 619 of the Act (commonly known as the "Volcker Rule"), which is designed to improve the safety of our nation's banking system by prohibiting proprietary trading activities and certain private fund investments.

The FSOC's study puts forward recommendations designed to effectively and comprehensively implement the Volcker Rule in a manner that constrains risk-taking by, and promotes the safety and soundness of, banking entities.

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