Bankowość · 30/12/2019

Margin and Capital Requirements for Covered Swap Entities

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (Board), the Federal Deposit Insurance Corporation (FDIC), the Financial Conduct Authority (FCA), and the Federal Housing Finance Agency (FHFA) are reopening the public comment period for proposed rulemaking to amend regulations requiring swap dealers and security-based swap dealers to exchange margin with their counterparties for non-centrally cleared swaps. This move aims to provide additional time for interested parties to analyze and comment on the proposed amendments, which were initially set to close on December 9, 2019.