Flashcards in Dodd Frank Deck (4)
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2
What is considered the biggest change to financial regulation since the Great Depression of the 1930s?
The Dodd-Frank Wall Street Reform Act of 2010
3
What is the goal of the Volcker Rule?
Banking Institutions maintain healthy capitalization ratios
4
How does the Volcker Rule limit banking institutions?
Limits banking institutions from owning more than 3% of a hedge fund's total ownership interest
Limits banking institutions from owning interests in hedge funds that exceed 3% of their Tier 1 capital (Common Stock + Retained Earnings + non-redeemable; non-cumulative Preferred Stock)
5
