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FDIC | RIN: 3064-AE30 | Publication ID: Fall 2016 |
Title: Regulatory Capital Rules, Liquidity Coverage Ratio: Proposed Revisions to the Definition of Qualifying Master Netting Agreement and Related Definitions | |
Abstract:
The Federal Deposit Insurance Corporation (FDIC) is amending the definition of qualifying master netting agreement under the regulatory capital rules and the liquidity coverage ratio rule. The FDIC also proposed to amend the definitions of collateral agreement, eligible margin loan, and repo-style transaction under the regulatory capital rules. The amendments are designed to ensure that the regulatory capital and liquidity treatment of certain financial contracts generally would not be affected by implementation of special resolution regimes in foreign jurisdictions if such regimes are substantially similar to title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Federal Deposit Insurance Act in the United States, or by the International Swaps and Derivative Association Resolution Stay Protocol that provides for contractual submission to such regimes. In December 2014, the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System adopted a joint interim final rule that is related to this rule.
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 324 12 CFR 329 | |
Legal Authority: 12 U.S.C. 1815(a) 12 U.S.C. 1815(b) 12 U.S.C. 1816 12 U.S.C.1818(a) ... |
Legal Deadline:
None |
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Timetable:
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Additional Information: Email: Comments@fdic.gov. Include RIN 3064-AE30 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 | |
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 Ryan Billingsley Chief, Capital Policy Section Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3797 Email: rbillingsley@fdic.gov Michael Phillips Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3581 Email: mphillips@fdic.gov Rachel J. Ackmann Senior Attorney Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-6858 Email: rackmann@fdic.gov |