The Comptroller of the Currency, Federal Reserve Board and FDIC proposal allowing "advanced-approaches" banking organizations (i.e., those with $250 billion or more in total consolidated assets, or $10 billion or more in on-balance sheet foreign exposure) to use an alternative approach for calculating derivative exposures under regulatory capital rules was published in the Federal Register. Comments must be received before February 15, 2019. As previously covered, the proposed approach - the standardized approach for counterparty credit risk ("SA-CCR") - would replace the current exposure

The U.S. "prudential regulators" final rule on uncleared swap margin requirements was published in the Federal Register. The final rule, issued by the Federal Reserve Board, the Office of the Comptroller of the Currency, the FDIC, the Farm Credit Administration and the Federal Housing Finance Agency, will become effective on November 9, 2018. As previously covered, legacy swaps that have not been subject to margin requirements will not become subject to margin requirements if they are amended solely to comply with the new regulations restricting certain qualified financial contracts of

The comment deadline for the U.S. prudential regulators' proposal to amend rules governing margin requirements for uncleared swaps and security-based swaps was extended.

The Federal Reserve Board, Farm Credit Administration, Federal Housing Finance Agency and OCC proposed rule amendments governing margin requirements for uncleared swaps and security-based swaps.

U.S. prudential regulators' proposed rule amendments governing margin requirements for uncleared swaps and security-based swaps were published in the Federal Register.