Tag Archives: derivatives

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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Fed, OCC Issue Transition Period Guidance on Variation Margin

As the ABA Securities Association and other trade groups have urged, the Federal Reserve and the OCC today issued guidance on how examiners will review compliance with the requirement for when swap dealers and major swap participants must exchange variation margin for swaps not cleared through a central counterparty.

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