Perspectives

Under the spotlight

Banking regulators are making “Regulation W” a priority. Implications and approaches for Banks to consider.

Perspectives

Rethinking compliance management

Bank leaders and boards, which must come to terms with the new reality of compliance. Which “shoulds” are really sometimes “shalls?”

Perspectives

The final Volcker Rule

Calculating and reporting measures

The final(1) Volcker Rule was approved and released by the US regulators on December 10, 2013. The Volcker Rule (the Rule) imposes substantial requirements that will likely require significant effort to implement the quantitative measures outlined in the final Rule's Appendix A, and these issues may likely be especially significant for institutions engaged in a broad range of capital markets activities. Foreign banking organizations face further issues and complexities that may necessitate additional consideration and determination. “Agencies Issue Final Rules Implementing the Volcker Rule,” Federal Reserve news release, Dec. 10, 2013.

13 considerations for banking entities

Download PDF

Discover more insights to these 13 considerations

What are the 13 considerations for banking entities to consider in implementing the quantitative measures outlined in the final Rule's Appendix A? 

  1. Required quantitative measures
  2. Definition of trading assets and liabilities
  3. Other quantitative measurements 
  4. Banking organizations below the $10 billion trading assets plus trading liabilities reporting threshold 
  5. Treatment of excluded positions or activities
  6. Consistent measures of risk 
  7. Recordkeeping 
  8. Differing calculation schedule and underlying data for risk and source of revenue measures 
  9. Comprehensive profit and loss attribution
  10. Book structure and related control processes
  11. Valuation and independent price verification (IPV) processes
  12. Governance 
  13. Treatment of transactions.

 

Contact us

Contact us via our online form

Submit RFP

Submit via our online form

Services

Center for Regulatory Strategies

The Deloitte Center for Regulatory Strategies provides deep knowledge and practical insight into regulatory matters across heavily regulated industries. 

People

Kevin McGovern

Managing Partner Governance, Regulatory, and Risk

People

Tom Rollauer

Director | Center for Regulatory Strategies

Services

Governance, Regulatory, and Risk Strategies

Deloitte can help you create and protect value and enhance effective management of governance, regulatory and compliance risks on a sustained basis.