US 'facing more bank bail-outs The warning from Bart Chilton, a commissioner at the US Commodity Futures Trading Commission, comes amid renewed uncertainty over the implementation of the Volcker Rule, named after former Federal Reserve chairman Paul Volcker. The Volcker Rule, which is due to come into force in July 2014, has been hit by a number of disputes and a final rule is not expected until the second half of this year, prompting banks to complain that they will not have enough time to set up systems to police it. Mr Chilton said some of the delay was due to the volume of objections from banks.