Bankowość i finanse · 26/02/2003

NCUA Proposes Amendment to Involuntary Liquidation Regulation to Designate Swap Agreements as Qualified Financial Contracts

The National Credit Union Administration (NCUA) is proposing to amend its regulation to treat swap agreements as qualified financial contracts, which would limit counterparty exposure for Federally-insured credit unions in liquidation or conservatorship and promote market stability.