Browsing: Swaps

Policy

ABA today welcomed the Federal Reserve’s proposal for an 18-month extension of the compliance date for limits on the amount of credit exposure that foreign banking organizations can have to each other and to other counterparties.

Newsbytes

The Commodity Futures Trading Commission yesterday issued a no-action letter to allow certain amendments to legacy swaps—those that were executed prior to the compliance date for the CFTC’s uncleared swap margin rule—without losing their status as legacy swaps.

Newsbytes

The American Bankers Association joined several financial trade organizations in a letter to the prudential regulators earlier this week calling on them to modify the margin rules for non-cleared swaps and security-based swaps to better align them with international standards.

Policy

As part of its efforts to monitor and maintain financial stability, the Federal Reserve is proposing to include new categories of entities under “financial institution” status under the FDIC Improvement Act’s netting provisions, first promulgated in Regulation EE in 1994.

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