Finance & markets · 02/10/2012

OCC Reopens Comment Period for Margin and Capital Requirements for Covered Swap Entities

The OCC, Board, FDIC, FCA, and FHFA are reopening the comment period for the Proposed Margin Rule, which sets minimum margin and capital requirements for uncleared swaps and security-based swaps entered into by certain financial institutions, until July 11, 2011, to allow for additional analysis and comment on the rule in light of recent consultative documents from the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.