Joint Release: Agencies Reopen Comment Period on Swap Margin and Capital Proposed Rulemaking

FDIC Subscriptions sent this bulletin at 09/26/2012 03:02 PM EDT

Press Release

Joint Release
Board of Governors of the Federal Reserve System
Farm Credit Administration
Federal Deposit Insurance Corporation
Federal Housing Finance Agency
Office of the Comptroller of the Currency

 

For Immediate Release
September 26, 2012


Agencies Reopen Comment Period on Swap Margin and Capital Proposed Rulemaking

Five federal agencies on Wednesday reopened the comment period on a proposed rule to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants for which one of the agencies is the prudential regulator, as required by sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period--which originally ended July 11, 2011--was reopened to November 26, 2012, to allow interested persons more time to analyze the issues and prepare their comments in light of the consultative document on margin requirements for noncentrally-cleared derivatives recently published for comment by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.

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Attachment:
Reopening of comment period for proposed rule - PDF (PDF Help)

 


Media Contacts:

Federal Reserve Barbara Hagenbaugh (202) 452-2955
FCA Christine Quinn (703) 883-4108
FDIC David Barr (202) 898-6992
FHFA Stefanie Johnson (202) 649-3030
OCC Dean DeBuck (202) 874-5770

FDIC: PR-111-2012



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