The FDIC adopted a final rule concerning the regulatory capital and liquidity treatment of certain financial contracts. The final rule was published in the Federal Register.
News & Insights
The Federal Deposit Insurance Corporation requested comments on a proposal to subject certain supervised bank entities to restrictions regarding the terms of their qualified financial contracts.
ISDA added a Japanese jurisdictional module to its Resolution Stay Jurisdictional Modular Protocol. The new module is intended to facilitate compliance with Japanese regulations that require contractual stays to be included in certain financial contracts that are not governed by Japanese law.
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.
FDIC Vice Chair Thomas Hoenig described a shift in the banking industry towards consolidation and described his recent proposal to require that banks partition certain nonbanking activities.