What is the definition of the Volcker Rule?
Volcker Rule. Reviewed by James Chen. Updated Dec 24, 2018. The Volcker Rule is a federal regulation that generally prohibits banks from conducting certain investment activities with their own accounts and limits their dealings with hedge funds and private equity funds, also called covered funds.
What was the impact of the Volcker shock on capitalism?
His talk, titled “Instability and Inequality: American Capitalism after the Volcker Shock of 1980,” touched on the importance of the United States Federal Reserve in global economic policymaking, the links between inequality and the Great Recession, and the roots of contemporary economic transformations.
What was exempt from the Volcker Rule in 2013?
The 2013 Rule exempts from the prohibition on proprietary trading certain risk-mitigating hedging activities that are designed to reduce the specific risks to a banking entity in connection with or related to individual or aggregated positions, contracts, or other holdings.
How are venture capital funds excluded from the Volcker Rule?
A venture capital fund as defined in Rule 203 (l)-1 will be excluded from the Volcker Rule’s “covered funds” definition when the following requirements are satisfied: The venture capital fund does not engage in proprietary trading. comply with applicable banking laws and regulations.
Which is the best definition of the word lambaste?
Definition of lambaste. transitive verb. 1 : to assault violently : beat, whip. 2 : to attack verbally : censure critics lambasted his performance. Synonyms Did You Know?
What is the difference between FRTB and Volcker?
FRTB, however, defines a boundary that governs trading book instruments, purpose and interaction between a regulatory trading account and the banking book. 2 Trading desk definitions also differ under FRTB and Volcker.
