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February 2014

The Volcker Rule Prohibitions on Proprietary Trading: Considerations for Broker-Dealer Affiliates of Foreign Banking Organizations

By Hillel T. Cohn February 3, 2014 by gabriellepaolini

The Volcker Rule imposes significant restrictions on “proprietary trading” by banking organizations and their affiliates. The purpose of this Memorandum is to discuss how these restrictions may impact broker-dealer affiliates of foreign banking organizations that conduct business in the United

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Each business day, our team sifts through blog posts, news stories, and other sources to keep up-to-date on relevant recent developments. The following links will take you to our recommended selections. To see the sources we follow click Filter Sources.

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Wall Street Journal
Securities Class Action: Will It Become Endangered Species?
February 27, 2014
Dealbook
The So-Called Blackstone Bill, Resurrected
February 27, 2014
Dealbook
Loeb Plans a Proxy Fight at Sotheby’s
February 27, 2014
Harvard Law School Forum
Dodd-Frank Enhanced Prudential Standards for U.S. Bank Holding Companies and Foreign Banks
February 27, 2014
D&O Diary
FDIC: Banks Improve, Number of Problem Institutions Continues to Decline
February 27, 2014
Dealbook
House Proposal Would Raise Taxes on Private Equity Income
February 26, 2014
Harvard Law School Forum
Shareholder Activism in M&A Transactions
February 26, 2014
Dealbook
Argentina Takes Its Debt Case to the US Supreme Court
February 26, 2014
Wall Street Journal
The Fraud Behind a $14 Million Whistleblower Award
February 26, 2014
Reuters
SEC tweaks its asset-backed securities plan amid privacy concerns
February 26, 2014
Dealbook
Bonderman Says TPG Is Considering Going Public
February 25, 2014
Harvard Law School Forum
Toward Board Declassification in 100 S&P 500 and Fortune 500 Companies
February 25, 2014
D&O Diary
Why Did the Bank Fail?: Defending Failed Bank Directors and Officers
February 25, 2014
Bloomberg
Too Big to Fail Is Too Big to Ignore
February 25, 2014
Dealbook
BlackBerry Chief Demurs on Sale of Messenger Service, for Now
February 25, 2014
Dealbook
Icahn Accuses EBay Board of Conflicts of Interest
February 24, 2014
Bloomberg
Yellen Wins G-20 Praise as Emerging Markets’ Angst Eased
February 24, 2014
Bloomberg
SEC Ponders Break for Private Equity Over Broker Rules
February 24, 2014
Dealbook
Undeterred, Men’s Wearhouse Sues Jos. A. Bank and Raises Bid
February 24, 2014
Wall Street Journal
Securities Regulators Go Big on Big Data
February 24, 2014
The SEC Website
Credit Suisse Agrees to Pay $196 Million and Admits Wrongdoing
February 24, 2014
Reuters
Wall Street sees sense in Facebook’s $19 billion WhatsApp buy
February 24, 2014
Dealbook
Activist Begins Board Fight at Abercrombie & Fitch
February 24, 2014
Bloomberg
Scania Owners Express Doubts Over VW’s $9.2 Billion Bid
February 24, 2014
Dealbook
Barnes & Noble Receives Conditional Offer
February 24, 2014
Dealbook
An Aggressive Fed Finds Critics on Wall Street
February 20, 2014
Bloomberg
SEC Gains Power to Take Profit Made from Insider Trading
February 20, 2014
Harvard Law School Forum
2013 Delaware Decisions and What They Mean for 2014
February 20, 2014
Dealbook
Modeling the Financial Logic for Facebook’s Huge Deal
February 20, 2014
Reuters
Draft rule requires US muni dealers to seek best terms for clients
February 20, 2014
Dealbook
Facebook to Buy Messaging Start-Up in $16 Billion Deal
February 19, 2014
Dealbook
Why Candy Crush IPO Could be a Dangerous Game
February 19, 2014
Reuters
US court boosts SEC’s power to recoup insider trading profits
February 19, 2014
Harvard Law School Forum
Bleeders & Leaders: Redefining the 2014 M&A Banking Market
February 19, 2014
Dealbook
Lawmaker Urges US Regulators to Scrutinize Mortgage Servicers
February 19, 2014
Dealbook
Icahn Orchestrates $25 Billion Drug Merger
February 18, 2014
Dealbook
Another Big Windfall for JPMorgan in Drug Maker Deal
February 18, 2014
Reuters
Comcast takeover of Time Warner Cable to reshape U.S. pay TV
February 18, 2014
Fed Issues Final Rules for Foreign Banks
February 18, 2014
The Race to the Bottom
Another Call To Stop Overburdening the SEC’s Disclosure Regime
February 18, 2014
Dealbook
3 Who Worked at Barclays Face Charges in Libor Case
February 17, 2014
Dealbook
C.V. Starr and Partner Buy Health Care Concern in a $4.4 Billion Deal
February 17, 2014
Dealbook
Regulators and Hackers Put Bitcoin to the Test
February 17, 2014
Harvard Law School Forum
SEC Investigations and Enforcement Related to Financial Reporting and Accounting
February 17, 2014
The Race to the Bottom
Companies Stepping Up Efforts to Avoid the Use of Conflict Minerals
February 17, 2014
Dealbook
A Bigger Comcast May Beget More Deals
February 16, 2014
Dealbook
Change the Way Stock Prices Are Quoted to Help the Economy? The S.E.C. Is Skeptical
February 16, 2014
Dealbook
Jos. A. Bank Takes a Page From a Long Ago Deal
February 16, 2014
Wall Street Journal
How Dodd-Frank Doubles Down on ‘Too Big to Fail’
February 16, 2014
Harvard Law School Forum
Governance Priorities for 2014
February 16, 2014
New York Times
Retail Businesses That Try Crowdfunding Face Some Skepticism
February 13, 2014
Dealbook
S.E.C. Close to Naming New Senior Official
February 13, 2014
Harvard Law School Forum
Will The New Shareholder-Director Exchange Achieve Its Potential?
February 13, 2014
Dealbook
Comcast and Time Warner Cable Forgo a Breakup Fee
February 13, 2014
Dealbook
Investors Eye Comcast’s Bid for Time Warner Cable With Caution
February 13, 2014
Wall Street Journal
Comcast to Buy Time Warner Cable
February 13, 2014
Harvard Law School Forum
Motivating Innovation in Newly Public Firms
February 12, 2014
Harvard Law School Forum
Disqualifying Dissident Nominees: A New Trend in Incumbent Director Entrenchment
February 12, 2014
Bloomberg
Online Retailer Wayfair Said Talking to Banks for First-Half IPO
February 12, 2014
Wall Street Journal
U.S. Strikes Deal With EU on Trading of Swaps
February 12, 2014
Dealbook
SEC’s Review of Stock Trading Will See Some of Its Own Work
February 12, 2014
Wall Street Journal
Tightfisted New Owners Put Heinz on Diet
February 11, 2014
Reuters
Better Markets sues Justice Department over JP Morgan settlement
February 11, 2014
Harvard Law School Forum
Delaware’s Choice
February 11, 2014
Inside Counsel
Preventing the perils of proxy season
February 11, 2014
Dealbook
Get Ready for a Long Proxy Fight Over Time Warner Cable
February 11, 2014
Wall Street Journal
New Regulations Leave Buyout Shops Out on Their Own
February 10, 2014
Dealbook
S.E.C.’s Losing Streak in Court Puts Agency in Spotlight
February 10, 2014
Dealbook
‘The New Normal’ for Tech Companies and Others: The Stealth I.P.O.
February 10, 2014
Harvard Law School Forum
Top Ten 2013 Delaware Corporate and Commercial Decisions
February 10, 2014
Dealbook
Icahn Backs off Apple Buyback Proposal
February 10, 2014
Wall Street Journal
Regulators Again May Clip Volcker
February 9, 2014
American Banker
SEC MMF Reform Could Send Depositors Back to Banks
February 9, 2014
Bloomberg
JPMorgan’s Masters Said to Quit CFTC Panel After One Day
February 9, 2014
Wall Street Journal
GoPro Files for IPO Confidentially
February 9, 2014
Harvard Law School Forum
Halliburton: The Morning After
February 9, 2014
Dealbook
Vodafone’s Investment Case Will Involve Deal-Making
February 6, 2014
Dealbook
Answer to Puerto Rico’s Debt Woes? It’s Complicated
February 6, 2014
Bloomberg
AIG Seeks Delay in $8.5 Billion Bank of America Deal
February 6, 2014
Harvard Law School Forum
The Governance Structure of Shadow Banking
February 6, 2014
Harvard Law School Forum
The SEC in 2014
February 6, 2014
Dealbook
Investors Appear to Shrug Off Puerto Rico’s Debt Downgrade
February 5, 2014
Dealbook
Coca-Cola to Buy 10% Stake in Green Mountain Coffee
February 5, 2014
Bloomberg
Volcker Rule Unity Is Implementation Aim of Regulator Group
February 5, 2014
Harvard Law School Forum
SEC Staff Issues Further Guidance on the Proxy “Unbundling” Rule
February 5, 2014
Harvard Law School Forum
Introduction to the SDX Protocol
February 5, 2014
Dealbook
Regulator Compares Currency Investigation to Libor Case
February 4, 2014
Dealbook
In Yearlong Clash Over Herbalife, Innuendo Trumps Clarity
February 4, 2014
Dealbook
Morgan Stanley Reaches $1.25 Billion Mortgage Settlement
February 4, 2014
Reuters
SEC suspends trading in 255 dormant shell companies
February 4, 2014
Harvard Law School Forum
Top 5 Delaware Case Developments in 2013 for M&A Practitioners
February 4, 2014
Dealbook
Tax Expert Sees Abuse in a Stream of Private Equity Fees
February 3, 2014
Dealbook
Hoping to Stay Independent, Jos. A. Bank in Talks to Buy Eddie Bauer
February 3, 2014
Dealbook
Hewlett-Packard Discloses Accounting Errors at Company It Bought
February 3, 2014
Harvard Law School Forum
Governance Practices for IPO Companies: A Davis Polk Survey
February 3, 2014
Harvard Law School Forum
Jamie Dimon’s Pay Raise Sends Mixed Signals on Culture and Accountability
February 3, 2014
Harvard Law School Forum
Selected Issues for Boards of Directors in 2014
February 2, 2014
Jim Hamilton's World
E.C. Proposals Would Ban Proprietary Trading, Illuminate Shadow Banking
February 2, 2014
The SEC Website
Scottrade Agrees to Pay $2.5 Million and Admits Providing Flawed “Blue Sheet” Trading Data
February 2, 2014
Dealbook
Google’s Stock Split Comes as Shares Hit Record Highs
February 2, 2014
Jim Hamilton's World
Former House and Senate Oversight Chairs urge Supreme Court not to Consider PSLRA as Endorsement of Fraud-on-the-Market Reliance Presumption
February 2, 2014

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