Spinning off proprietary trading desks is the most daunting challenge associated with the Volcker Rule, by far. Beginning on July 21st, though, other vestiges of the Rule will begin to gain real relevance, as well.
On that date, tier-one banks will need to begin keeping tabs on ownership in select 'covered funds' under Volcker, bought during or after 2014.
This includes monitoring three percent de minimis ownership thresholds, single-fund limits, aggregate limits, and other calculations. After
Bryan Cross, who heads UBS Asset Management's QED group, joins to discuss alternative data and AI.Subscribe to Weekly Wrap emails