TY  - UNPD
A1  - Elliott, Douglas J.
A1  - Rauch, Christian
T1  - Lessons from the implementation of the Volcker Rule for Banking Structural Reform in the European Union
T2  - SAFE white paper series ; 13
N2  - In the United States, on April 1, 2014, the set of rules commonly known as the "Volcker Rule", prohibiting proprietary trading activities in banks, became effective. The implementation of this rule took more than three years, as “proprietary trading” is an inherently vague concept, overlapping strongly with genuinely economically useful activities such as market-making. As a result, the final Rule is a complex and lengthy combination of prohibitions and exemptions.
In January 2014, the European Commission put forward its proposal on banking structural reform. The proposal includes a Volcker-like provision, prohibiting large, systemically relevant financial institutions from engaging in proprietary trading or hedge fund-related business. This paper offers lessons to be learned from the implementation process for the Volcker rule in the US for the European regulatory process.
T3  - SAFE white paper series - 13 
KW  - banking separation proposals
KW  - proprietary trading ban
KW  - Dodd-Frank Act
Y1  - 2014
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/33513
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-335131
UR  - http://safe-frankfurt.de/policy-center/publications/details/article/lessons-from-the-implementation-of-the-volcker-rule-for-banking-structural-reform-in-the-european-un.html
EP  - 10
PB  - SAFE
CY  - Frankfurt am Main
ER  -