It is not all about bank capital
July 17, 2013
You might think it was all about bank capital reading the press and listening to the public pronouncements of regulatory officials. Here are a few other things going on:
1. Volker Rule: July 21 is the end of the conformance period for bank compliance with the Volker Rule. Here is what it means…
2. Dodd Frank: Also on July 21, the Dodd Frank Act turns 3 years old. Happy Birthday! Don’t expect an end to the terrible twos. Davis Polk issues a terrific monthly summary of implementation progress. It is not a pretty picture for the developmentally challenged Act.