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FCA RIN: 3052-AD38 Publication ID: Fall 2019 
Title: Margin and Capital Requirements for Covered Swap Entities--LIBOR 
Abstract:

The joint interagency rulemaking (with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Housing Finance Agency) would amend regulations governing Margin and Capital Requirements for Covered Swap Entities to clarify that certain non-cleared swaps would retain their legacy status if they are amended solely to substitute another reference rate for London Inter Banking Offering Rate (LIBOR) as it is phased out and to address other issues.

 
Agency: Farm Credit Administration(FCA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 624   
Legal Authority: 7 U.S.C. 6S(e)    15 U.S.C. 78o-10(e)    12 U.S.C. 2154    12 U.S.C. 2243    12 U.S.C. 2252    12 U.S.C. 2279bb-1   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/07/2019  84 FR 59970   
NPRM Comment Period End  12/09/2019 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Richard A. Katz
Senior Attorney
Farm Credit Administration
Office of General Counsel, 1501 Farm Credit Drive,
McLean, VA 22102-5090
Phone:703 883-4085
TDD Phone:703 883-4444
Fax:703 734-5784
Email: katzr@fca.gov