Implementing the Volcker Rule restrictions on proprietary trading will be one of the most important, and most challenging, rulemaking responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The study estimates the impact of an overly restrictive implementation of the Volcker Rule statute on the U.S. corporate credit market – specifically U.S. corporate bonds. The analysis focuses on the U.S. corporate bond market as an example – the Volcker rule obviously covers other asset classes where liquidity provision by banks also has significant value to the economy as a whole.

About the Report

A December 2011 Oliver Wyman Study on the Volcker Rule and its implications for the U.S. corporate bond market.

Credits

• US Business Policy & Practices, Rates: Rob Toomey