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TREAS/OCC | RIN: 1557-AD43 | Publication ID: Spring 2015 |
Title: Registration and Regulation of Swap Dealers and Major Swap Participants; Registration and Regulation of Security-Based Swap Dealers and Major Security-Based Swap Participants | |
Abstract:
The OCC, FRB, FDIC, FCA, and FHFA issued a proposed rules to establish minimum margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants for which one of the agencies is the prudential regulator. The rule will implement sections 731 and 764 of the Dodd-Frank Act, which require the agencies to adopt rules jointly to establish capital requirements and initial and variation margin requirements for such entities on all non-cleared swaps and non-cleared security-based swaps to offset the greater risk to such entities and the financial system arising from the use of swaps and security-based swaps that are not cleared. |
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Agency: Department of the Treasury(TREAS) | Priority: Economically Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: Private Sector |
CFR Citation: 12 CFR 45 | |
Legal Authority: 7 U.S.C. 6s 7 U.S.C. 6s(e) 12 U.S.C. 1 et seq 12 U.S.C. 93a 12 U.S.C. 161 12 U.S.C. 1818 12 U.S.C. 3907 12 U.S.C. 3090 15 U.S.C. 78o-8 15 U.S.C. 78o-10(e) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Carl Kaminski Assistant Director, Bank Advisory Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-5869 Email: carl.kaminski@occ.treas.gov |