SIFMA Welcomes OCC's Two-Year Relief on Swap Push-Out Effective Date

SIFMA released a happy statement from president Kenneth E. Bentsen, Jr., after the Office of the Comptroller of the Currency ("OCC") informed financial institutions active in derivatives markets that it has extended the effective date of the so-called swap push-out rule's effective date by two years.

See: Statement.See also: (The rule that was the subject of the statement) FRB Provides Lincoln (Push Out) Relief to U.S. Branches of Non-U.S. Banks (Regulation KK) (with Cammarn Comment).