Margin and Capital Requirements for Covered Swap Entities

Details

• Publisher's site:
  https://www.fdic.gov
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Farm Credit Administration, and the Federal Housing Finance Agency (the Agencies) have adopted a final rule to implement Sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). These sections require the agencies to adopt rules jointly to establish capital requirements and initial and variation margin requirements for all non-cleared swaps and non-cleared security-based swaps of dealers and major participants. The capital requirements under these sections have been previously incorporated in the Agencies' capital rules.
• Subject:
  Capital
• Dataset Download URL:
  fdic.gov/news/financial-institution-letters/2015/fil15061.html
• Format:
  PDF
• Release Date:
  12/16/2015
• Update Date:
  11/14/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Office of the Comptroller of the Currency (OCC) ; Board of Governors of the Federal Reserve System (The Fed) ; Farm Credit Administration (FCA)
• Fdic Employee Involved:
  Bobby Bean ; Jacob Doyle
• Law Involved:
  Sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)
• Related Regulation:
  12 CFR Part 324 (Regulatory Capital Rules)
• Comment Period End Date:
  01/31/2016
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks and Savings Associations
• FIL Number:
  FIL-61-2015
• Main Document Checksum:
  urn:sha256:105ee6999cc0728fc01afbee364670ad1e7e8de75da2cc743eccdd8b37bdf1eb
• Download URL:
  https://archive.fdic.gov/view/fdic/6927/fdic_6927_DS1.pdf
• File Type:
  [PDF - 1.30 MB ]