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Financial Stability Oversight Council's Study and Recommendations Regarding Implementation of the Volcker Rule

Documents from the FSOC’s January 18, 2011 Meeting

  • The FSOC’s Study and Recommendations Regarding Implementation of the Volcker Rule: “As mandated by the Dodd-Frank Act, the FSOC conducted a study on how best to implement Section 619 of the Act (commonly known as the “Volcker Rule”), which is designed to improve the safety of our nation’s banking system by prohibiting proprietary trading activities and certain private fund investments. The FSOC’s study puts forward recommendations designed to effectively and comprehensively implement the Volcker Rule in a manner that constrains risk-taking by, and promotes the safety and soundness of, banking entities.
  • The FSOC’s Report on the Concentration Limit on Large Financial Companies: “Section 622 of the Dodd-Frank Act establishes a financial sector concentration limit that would prohibit a financial company from merging or consolidating with, or acquiring, another company if the resulting company’s consolidated liabilities would exceed 10 percent of the aggregate consolidated liabilities of all financial companies. This concentration limit is intended, along with a number of other provisions in the Dodd-Frank Act, to promote financial stability and address the perception that large financial institutions are “too big to fail.”
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