Does bank transparency benefit from the Volcker Rule?

2019 ◽  
Vol 60 (2) ◽  
pp. 1471-1500
Author(s):  
Yuehua Li ◽  
Zhentao Liu ◽  
Sha Pei
Keyword(s):  
Volcker Rule

The Effects of the Volcker Rule on Corporate Bond Trading: Evidence from the Underwriting Exemption

2019 ◽  
Author(s):  
Meraj Allahrakha ◽  
Jill Cetina ◽  
Benjamin K. Munyan ◽  
Sumudu W. Watugala
Keyword(s):  
Corporate Bond ◽  
Volcker Rule

scholarly journals Banks as Regulated Traders

2021 ◽  
Vol 2019 (005r1) ◽  
pp. 1-85
Author(s):  
Antonio Falato ◽  
◽  
Diana Iercosan ◽  
Filip Zikes ◽  
◽  
...  
Keyword(s):  
Risk Factors ◽  
High Frequency ◽  
Financial Stability ◽  
Stress Test ◽  
Equity Market ◽  
Fixed Income ◽  
Reporting Requirements ◽  
Trading Profits ◽  
Regulatory Data ◽  
Volcker Rule

Banks use trading as a vehicle to take risk. Using unique high-frequency regulatory data, we estimate the sensitivity of weekly bank trading profits to aggregate equity, fixed-income, credit, currency and commodity risk factors. Our estimates imply that U.S. banks had large trading exposures to equity market risk before the Volcker Rule, which they curtailed afterwards. They also have exposures to credit and currency risk. The results hold up in a quasi-natural experimental design that exploits the phased-in introduction of reporting requirements to address identification. Heterogeneity and placebo tests further corroborate the results. Counterfactual stress-test analyses quantify the financial stability implications.

Panel Discussion on the Volcker Rule

2014 ◽  
pp. 115-136 ◽  
Author(s):  
Charles W. Calomiris ◽  
Matthew Richardson
Keyword(s):  
Panel Discussion ◽  
Volcker Rule

Dodd-Frank and the Regulation of Depository Institutions Capital Requirements

2019 ◽  
pp. 25-36
Author(s):  
Alan N. Rechtschaffen
Keyword(s):  
Capital Markets ◽  
Capital Requirements ◽  
Vital Role ◽  
Bank Holding Companies ◽  
Holding Companies ◽  
Depository Institutions ◽  
Volcker Rule ◽  
A Company ◽  
Concentration Limits

This chapter continues the discussion of the previous chapter on the Dodd-Frank Act. In the years since its passage, the legislation has had dramatic effects on the operation and stability of the financial markets, and will continue to play a vital role in the capital markets. In addition to establishing new capital and leverage requirements for banks, bank holding companies, and systemically significant nonbanks, Dodd-Frank also mandates that these requirements be “countercyclical, so that the amount of capital required to be maintained by a company increases in times of economic expansion and decreases in times of economic contraction.” The remainder of the chapter covers the Volcker Rule; living wills, credit exposure reports, and concentration limits; and other prudential standards.

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