Volcker Rule Needs To Recognise Non us Regulated Funds
February 15, 2012, 10:05 amThe Investment Management Association IMA has submitted its response to the proposed Volcker Rule part of the US Dodd Frank legislation due to be implemented in July this year The main aim of the Volcker Rule is to prohibit US banks from engaging in proprietary trading while also owning private equity or hedge funds It seeks to achieve this by banning any banking entity from investing in lsquo covered funds 39 IMA has concerns that the current definition of lsquo covered…
