Five federal agencies ("the Agencies") published interim and final rules on margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers and major security-based swap participants. The Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve System ("FRB"), the Federal Deposit Insurance Corporation ("FDIC"), the Farm Credit Administration ("FCA") and the Federal Housing Finance Agency ("FHFA") published the rules in the Federal Register. The final rule implements Dodd-Frank Sections 731 ("Registration
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Five federal agencies authorized an interim final rule that exempts particular uncleared swaps from the agencies' respective margin requirements. The final rule was published in the Federal Register.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, European Supervisory Authorities and IOSCO responded to industry concerns about the March 1, 2017 implementation deadline of variation margin requirements.
Federal banking agencies proposed amendments to conform swap margin rules to recently adopted rules restricting the cancellation rights of qualified financial contracts in the event of a counterparty entering resolution proceedings.
Federal banking agencies proposed amendments to conform swap margin rules to recently adopted rules restricting the cancellation rights of qualified financial contracts in the event of a counterparty entering resolution proceedings.