Mon 30 Jun, 2014
Effective for banking entities with at least USD 50 billion. Metrics reporting requirement covering: Risk and Position Limits and Usage; Risk Factor Sensitivities; VaR and Stress VaR; Comprehensive Profit and Loss Attribution; Inventory Turnover; Inventory Aging; Customer Facing Trade Ratio. The entity must report its daily metrics recorded during the month of July to the FRB by September 2, 2014.
Wed 21 Jul, 2010
The Volcker Rule (Section 619 of the Dodd Frank Act) is signed into law. The Volcker Rule is due to become effective on 21 July 2012, and conformance period is expected to end on 21 July, 2014. The Federal Reserve Board (FRB) has the power to extend this conformance period, one year at a time, for a total of no more than three additional years (i.e. 21 July 2017). (N.B. the FRB has announced on 10 December 2013 that the conformance period is extended to 21 July 2015)