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Board of Governors of the Federal Reserve System
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Volcker Rule


Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker rule, generally prohibits insured depository institutions and any company affiliated with an insured depository institution from engaging in proprietary trading and from acquiring or retaining ownership interests in, sponsoring, or having certain relationships with a hedge fund or private equity fund. These prohibitions are subject to a number of statutory exemptions, restrictions, and definitions. The Federal Reserve Board is working closely with the other agencies charged with implementing the requirements of section 619, including the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission.

Conformance materials

Open Board meeting regarding final rule to implement section 619 of the Dodd-Frank Act

Collateralized debt obligations backed by trust preferred securities (TruPS CDOs)

Last update: December 18, 2014

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