The Secretary of the Treasury extended the compliance dates for regulations implementing qualified financial contract recordkeeping requirements for certain non-bank financial companies that may pose systemic risk.
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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.
The Secretary of the Treasury proposed extending the compliance date for regulations implementing qualified financial contract recordkeeping requirements of certain non-bank financial companies that may pose systemic risk.
The Office of the Comptroller of the Currency adopted a final rule concerning the exercise of the default rights of certain financial contracts that could interfere with the orderly resolution of systemically important financial firms.
The FDIC final rule restricting cancellation rights for certain qualified financial contracts was published in the Federal Register.