Browsing: Swaps

Newsbytes

The OCC today proposed a rule that would establish restrictions on qualified financial contracts — such as derivative transactions, repurchase agreements, reverse repurchase agreements, and securities lending and borrowing agreements — of national banks and federal thrifts that are subsidiaries of U.S. and foreign-based global systemically important banks.

Newsbytes

The federal banking agencies are issuing a final rule affirming that swaps and security-based swaps that are not cleared through a central counterparty and are entered into for hedging purposes by banks with less than $10 billion in assets and commercial end users are not subject to requirements to exchange initial margin and variation margin with prudentially-regulated swap dealers and major swap participants.

Newsbytes

The Federal Reserve today proposed a rule that would establish restrictions on qualified financial contracts — such as derivative transactions, repurchase agreements, reverse repurchase agreements, and securities lending and borrowing agreements — of U.S. global systemically important banks and the U.S. operations of foreign G-SIBs.

Economy

The Securities and Exchange Commission yesterday adopted by 2-1 vote final rules regarding the external business conduct standards applicable to security-based swap dealers and major security-based swap participants.

Ag Banking

The Commodity Futures Trading Commission today approved a final rule requiring swap dealers and major swap participants to exchange initial margin and variation margin with counterparties to swaps not cleared through a central counterparty.