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Cost of Volcker rule highly uncertain - OCC

  • The cost of implementing the Volcker Rule could range from $413M to $4.3B for banks supervised by the Office of the Comptroller of the Currency (OCC), an OCC study calculates, as it forces banks to sell restricted investments at a loss.
  • "The range of our cost estimate primarily reflects the uncertainty of the final rule's impact on the market value of banks’ investments," the report says. Following Volcker, the market value "could drop by up to 5.5%."
  • Most of the affected banks will be those with over $10B in assets, with up to seven community banks at risk of being hit.
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