Tag Archives: derivatives

FDIC Finalizes Limits on Qualified Financial Contracts

The FDIC today finalized restrictions on qualified financial contracts — such as derivative transactions, repurchase agreements, reverse repurchase agreements, and securities lending and borrowing agreements — of state-chartered non-Fed-member banks. The objective of the proposal is to facilitate the orderly resolution of a failed institution by limiting the ability of the firm’s QFC counterparties to terminate contracts immediately upon the ...

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OCC: Trading Revenue Down in Q2

Commercial banks reported total trading revenue of $6.7 billion in the second quarter of 2017, down 4.9 percent from the first quarter but up 4.5 percent from a year prior, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today. The quarter-on-quarter decline reflects a persistent seasonal trend. The net current credit exposure was up by ...

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Libor to Be Sustained Until 2021

The U.K.-based Financial Conduct Authority today announced that the London Interbank Offer Rate, or Libor, will continue to be supported by reporting banks until the end of 2021.

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Agencies Publish FAQs on Resolution Planning

The Federal Reserve and the FDIC today published the answers to frequently asked questions about guidance issued last year on the resolution plans that the nation’s eight largest banks are required to submit detailing how they would be wound down in the event of bankruptcy. The FAQs address capital and liquidity requirements and forecasting, governance mechanisms, management of critical third-party ...

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OCC: Trading Revenue Jumps Year-on-Year

Commercial banks reported total trading revenue of $6 billion in the final quarter of 2016, down 6.8 percent from the third quarter but up 40 percent from the fourth quarter of 2015, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.

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