Agencies Reopen Comment Period on Swap Margin and Capital Proposed Rulemaking

more+
less-

On September 26, five federal agencies, including the Federal Deposit Insurance Corporation, The Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System, the Farm Credit Administration and the Federal Housing Finance Agency, reopened the comment period on a proposed rule to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants for which one of the agencies is the prudential regulator, pursuant to sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period—which originally ended July 11, 2011—was reopened until November 26, 2012, “to allow interested persons more time to analyze the issues and prepare their comments in light of the consultative document on margin requirements for noncentrally-cleared derivatives recently published for comment by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.”

Read more.

 


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Written by:

more+
less-

Katten Muchin Rosenman LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×