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ICMA FMFQ Exam - Topic 6 Question 27 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 27
Topic #: 6
[All FMFQ Questions]

One of the most contentious parts of the US Dodd-Franks Act is the restrictions placed on banks carrying trading positions. What is the name of the rule that deals with this?

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Suggested Answer: D

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Pete
4 months ago
The restrictions are necessary, but they can be a bit extreme.
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Carmelina
4 months ago
Really? I didn't know it was called the Volcker Rule.
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Franklyn
5 months ago
Wait, I thought it was the Bernanke Rule?
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Macy
5 months ago
Totally agree, the Volcker Rule is a big deal.
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Keneth
5 months ago
It's the Volcker Rule!
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Maryanne
5 months ago
I practiced a question like this before, and I think it was definitely the Volcker Rule. It’s the one that restricts proprietary trading, right?
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Stephania
5 months ago
The name sounds familiar, but I keep mixing it up with the Bernanke Rule. Wasn't that related to monetary policy?
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Lonna
5 months ago
I remember studying the Dodd-Frank Act, and I feel like the Volcker Rule was specifically about limiting banks' trading activities.
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Bev
5 months ago
I think the rule we're looking for is the Volcker Rule, but I’m not 100% sure.
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Lucina
5 months ago
Ah, this is right up my alley. I'd go with option B - developing an MVP plan. That way we can get something working quickly and then iterate from there.
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Timothy
5 months ago
Hmm, I'm a bit confused on the different parts of BS 7799. I'll need to review my study materials to refresh my memory before answering this.
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Lindsey
5 months ago
I'm feeling a little lost on this one. The information about interim reporting and effective tax rates is throwing me off. I'll need to review my notes and maybe ask the instructor for some clarification before attempting to answer.
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Sharika
5 months ago
Hmm, I'm a little unsure about this. I know the NTFS format program sets aside some sectors for the boot and bootstrap, but I can't remember the exact number. I'll have to think this through carefully.
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