The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Mon, 08 Jun 2026 16:11:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Volcker Rule Looms Over Asset Management and Fund Activities of Financial Institutions – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Volcker Rule Looms Over Asset Management and Fund Activities of Financial Institutions https://corpgov.law.harvard.edu/2010/06/26/volcker-rule-looms-over-asset-management-and-fund-activities-of-financial-institutions/?utm_source=rss&utm_medium=rss&utm_campaign=volcker-rule-looms-over-asset-management-and-fund-activities-of-financial-institutions https://corpgov.law.harvard.edu/2010/06/26/volcker-rule-looms-over-asset-management-and-fund-activities-of-financial-institutions/#comments Sat, 26 Jun 2010 13:27:27 +0000 http://blogs.law.harvard.edu/corpgov/?p=10462?d=20150120101644EST Posted by Scott Hirst, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Saturday, June 26, 2010
Editor's Note:

This post comes to us from Russell D. Sacks, a partner in Shearman & Sterling LLP’s Asset Management and Capital Markets Groups, and is based on a Shearman & Sterling Client Publication by Bradley Sabel and Gregg L. Rozansky.

The “Volcker Rule” – first introduced in the context of current financial reform legislation by the President in January – looms large in the financial regulatory reform package approved by the Senate on May 20, 2010 (the “Senate Bill”). As highlighted in this publication, fundamental questions remain regarding how the Volcker Rule would function in practice.

As addressed in greater detail below, if it becomes law, the Volcker Rule would:

  • redraw existing boundaries on the types of trading activities that U.S. depository institution holding companies and non-U.S. banks with U.S. operations may conduct,
  • significantly limit the fund-related activities that U.S. depository institution holding companies and non-U.S. banks with U.S. operations may conduct, and
  • place a cap on M&A-related growth of large financial groups operating in the United States. [1]

(more…)

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