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FDIC RIN: 3064-AE21 Publication ID: Spring 2015 
Title: Margin and Capital Requirements for Covered Swap Entities 
Abstract:

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration, and the Fair Housing Finance Agency (each an "Agency" and collectively the "Agencies") are seeking comment on a proposed joint rule 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. This proposed rule implements sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act which require the Agencies to adopt rules jointly to establish capital requirements and initial and variation margin requirements for such entities and their counterparties on all non-cleared swaps and non-cleared security-based swaps in order 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.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 349   
Legal Authority: 7 U.S.C. 2(h)    15 U.S.C. 78c-3   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/24/2014  79 FR 57347   
NPRM Comment Period End  11/24/2014 
Final Rule  09/00/2015 
Additional Information: Comments@FDIC.gov. Include RIN 3064-AE21 on the subject line of the message.
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Information URL: www.fdic.gov/regulations/laws/federal/   Public Comment URL: www.fdic.gov/regulations/laws/federal/  
RIN Data Printed in the FR: No 
Agency Contact:
Bobby R. Bean
Associate Director
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-6705
Email: bbean@fdic.gov

John Feid
Senior Policy Analyst
Federal Deposit Insurance Corporation
550 17th Street NW.,
Washington, DC 20429
Phone:202 898-8649
Email: jfeid@fdic.gov

Ryan Clougherty
Senior Attorney
Federal Deposit Insurance Corporation
550 17th Street NW.,
Washington, DC 20429
Phone:202 898-3843
Email: rclougherty@fdic.gov

Thomas Hearn
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-6967
Email: thohearn@fdic.gov

Catherine Topping
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3975
Email: ctopping@fdic.gov