Press Release January 07, 2014

Goodwin Procter Publishes FAQs Addressing Volcker Rule

Goodwin Procter’s Financial Institutions Group has prepared two Frequently Asked Question summaries regarding the Volcker rule. The first FAQ addresses the rule’s prohibitions on banking entities’ sponsorship of and investment in certain types of private funds (i.e., covered funds). The second FAQ relates to aspects of the Volcker rule’s prohibition on banking entities engaging in proprietary trading.

Answers in both summaries are based upon the statutory language, the Final Rule (issued December 10, 2013), the regulatory history and the explanatory preamble that accompanied the Final Rule.

For additional information regarding the FAQs and the Volcker rule, please contact Goodwin banking partner William E. Stern.