US structured products industry participants have been digesting the final version of the Volker Rule issued on December 10 by US regulators. The rule, named after former Federal Reserve Chairman Paul Volker, is part of the broader Dodd-Frank regulation, designed to prevent future systemic risk to the financial system. However, providers fear it has a number of unintended consequences. The Volker Rule prohibits so-called “banking entities” from engaging in, among other things, certain forms of