Bankowość · 17/09/2020

OCC, Federal Reserve, and FDIC Issue Final Rule for Technical Corrections to Counterparty Credit Risk Standardized Approach

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are issuing a final rule to correct technical errors in the capital rule related to the standardized approach for assessing counterparty credit risk, used to calculate the exposure amount of derivative contracts, which was introduced in a final rule published on January 24, 2020.