This collection of background materials may be helpful in digesting the Volcker Rule and tracking its evolution from statute to final regulation.
This resource center brings together content that Davis Polk has written on the Volcker Rule and a wide variety of source materials. Spanning the years from 2010 through 2020, these resources cover both the proprietary trading and covered funds provisions.
Featured insights
2019 Volcker Rule regulations
2018 proposal to amend the Volcker Rule regulations
Davis Polk analysis
June 18, 2018
Visual Memorandum on 2018 Proposed Amendments to the Volcker Rule Regulations
Proposed rule
June 5, 2018
Joint Agency Proposed Rule Draft
Draft Information Collection 1
Draft Information Collection 2
Agency materials
May 31, 2018
June 4, 2020
FDIC Financial Institution Letter 31-2018
May 25, 2018
Memo from Vice Chairman Quarles with Federal Reserve Staff Memo
Regulator statements
June 4, 2018
CFTC Chairman Christopher Giancarlo
June 4, 2018
CFTC Commissioner Rostin Benham
June 4, 2018
CFTC Commissioner Brian Quintenz
May 31, 2018
FDIC Chairman Martin J. Gruenberg
May 30, 2018
Federal Reserve Chairman Jerome J. Powell
May 30, 2018
Federal Reserve Vice Chairman for Supervision Randal K. Quarles
May 30, 2018
Federal Reserve Governor Lael Brainard
June 5, 2018
June 5, 2018
SEC Commissioner Robert J. Jackson Jr.
June 5, 2018
SEC Commissioner Hester M. Peirce
June 5, 2018
2013 final Volcker Rule regulations
Davis Polk analysis
2013 Final Rule Proprietary Trading Flowcharts
2013 Final Rule Hedge/PE Fund Flowcharts
Final rule
January 31, 2014
Federal Register Volcker Final Rule with Linked TOC
December 10, 2013
Davis Polk Volcker Final Rule with Linked TOC
December 10, 2013
FDIC, Fed and OCC Final Volcker Rule Regulations
December 10, 2013
FDIC, Fed, OCC and SEC Final Volcker Rule Preamble
December 10, 2013
CFTC Final Volcker Rule Regulations
December 10, 2013
CFTC Final Volcker Rule Preamble
December 10, 2013
Fed Order Approving Extension of Conformance Period
December 10, 2013
Davis Polk Blackline of Proposed vs. Final Volcker Rule
Agency materials
December 18, 2014
Fed Order Approving Extension of Conformance Period
December 27, 2013
December 19, 2013
Joint Agency FAQ Regarding CDOs backed by TruPS under the Final Volcker Rule
December 10, 2013
December 10, 2013
Joint Agency Final Rule Fact Sheet
December 10, 2013
Joint Banking Agency Release on Community Bank Applicability
December 10, 2013
December 9, 2013
Federal Reserve Staff Recommendation
Regulator statements
December 10, 2013
December 10, 2013
CFTC Commissioner Bart Chilton
December 10, 2013
CFTC Commissioner Scott D. O’Malia
December 10, 2013
CFTC Commissioner Mark P. Wetjen
December 10, 2013
Comptroller of the Currency Thomas J. Curry
December 10, 2013
FDIC Chairman Martin J. Gruenberg
December 10, 2013
FDIC Vice Chairman Thomas M. Hoenig
December 10, 2013
Federal Reserve Chairman Ben S. Bernanke
December 10, 2013
Federal Reserve Governor Daniel K. Tarullo
December 10, 2013
December 10, 2013
SEC Commissioner Luis A. Aguilar
December 10, 2013
SEC Commissioner Daniel M. Gallagher
December 10, 2013
SEC Commissioner Michael S. Piwowar
December 10, 2013
2011 proposed rule
November 7, 2011
Proposed Volcker Rule Regulations
October 7, 2011
Davis Polk Client Memo: Summary of Leaked Proposed Rules PROP | FUNDS
October 12, 2011
Davis Polk Volcker Rule Slides PROP | FUNDS
February 13, 2012
SIFMA Comment Letter PROP | FUNDS
February 13, 2012
SIFMA Comment Letter — AMG (Prop)
March 9, 2012
SIFMA Supplemental Comment Letter (Funds)
April 14, 2011
SIFMA Pre-Proposed Rules Comment Letter (Funds)
May 9, 2011
SIFMA Pre-Proposed Rules Supplemental Comment Letter (Funds)
Conformance rules
February 14, 2011
November 26, 2010
June 8, 2012
Statement of Policy Regarding the Conformance Period
February 14, 2011
Davis Polk Client Memo: Summary of Final Conformance Rules
April 20, 2012
Davis Polk Client Memo: Summary of Statement of Policy Regarding the Conformance Period
December 27, 2010