Topic
Proprietary Trading
68 published works
Corporate & Financial Weekly Digest
Germany Introduces Limited-Scope Exemption for Non-European Proprietary Trading Firms Trading on German Trading Venues
By Carolyn H. Jackson, Nathaniel Lalone, Neil Robson
On May 28, the German government introduced an amendment to the German Banking Act regarding the license requirements for “third-country” (i.e., non-European) proprietary trading firms seeking access to, or membership…
Compliance Building
Changing the Definition of “Covered Funds” under the Volker Rule
The rule that the late Paul Volker wanted to impose on banks was to stop them from engaging in proprietary trading. If the government was going to provide a back…
Global Regulation Tomorrow
Recent Volcker Rule changes and non-US banks
The Volcker Rule prohibits "banking entities" (generally, insured banks and their affiliates, and non-US banks with US banking operations) from engaging in proprietary trading or sponsoring or investing in private…
Corporate & Financial Weekly Digest
German Government Publishes Proposed Law for Proprietary Trading Firms
By Carolyn H. Jackson, Nathaniel Lalone, Neil Robson
On September 5, the German Federal Government published a proposal relating to a draft law implementing Regulation (EU) 2019/834 (EMIR REFIT), which also clarifies the licensing requirements for non-EU firms…
The CLS Blue Sky Blog
Gibson Dunn Discusses Volcker Rule Revisions
Since it was enacted in July 2010, the Dodd-Frank Act’s Volcker Rule has challenged banks and their regulators alike. This is particularly the case with respect to its restrictions on…
Global Regulation Tomorrow
Finalization of proposed changes to Volcker Rule begins
On August 20, 2019, the Federal Deposit Insurance Corporation (FDIC) and the Comptroller of the Currency (OCC) became the first two of the five agencies required to approve final amendments…
Corporate & Financial Weekly Digest
FDIC Approves Amendments to the Volcker Rule
By Kevin M. Foley, Katten Muchin Rosenman LLP
On August 20, the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved their version of a set of amendments intended to simplify some of the requirements of…
Banking, Finance and Securities
DNB publishes Q&As relevant to proprietary trading firms
By Nikolai de Koning, Floortje Nagelkerke (NL)
On 21 March 2018, the Dutch Central Bank (De Nederlandsche Bank, DNB) published Q&As relevant to investment firms dealing on own account (handelaren voor eigen rekening), so-called proprietary trading firms.…
Corporate & Financial Weekly Digest
EBA Closes Breach of EU Law Investigation Relating to Dutch Prudential Regime for Proprietary Traders
By Nathaniel Lalone, Neil Robson
On December 6, the Breach of Union Law Panel of the European Banking Authority (EBA) published a press release relating to a breach of European Union (EU) law (BUL) investigation…
Banking, Finance and Securities
DNB letter regarding changes to supervisory framework for proprietary traders
On 13 November 2017, the Dutch Central Bank (De Nederlandsche Bank, DNB) circulated a letter on amendments that will be made to the regulatory framework for the so-called local firms…