The lion's share of compliance costs related to meeting the demands of the Volcker rule with fall mostly among the seven largest "market-making" banks in the U.S., with annual expenditures at these banks topping $400 million this year, and then averaging $365 million over the next three years, according to an analysis by the Office of the Comptroller of the Currency. Based on an estimate of the number of trading desks that would be impacted by the rule in meeting what the agency calls the "reasonably expected near-term demands of clients, customers, or counterparties," or RENTD, total annual compliance costs would rise from $402 million in 2014, to over $500 million each year from 2015 to 2017. Yet given that 1,100 trading desks -- out of the estimated 1,591 -- reside with seven large banks, those institutions would absorb more than three-quarters of the total estimated industry costs. "Approximately 88 percent of estimated 2014 expenditures are related to satisfying the RENTD requirement
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