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FHFA | RIN: 2590-AB02 | Publication ID: Spring 2020 |
Title: Margin and Capital Requirements for Covered Swap Entities | |
Abstract:
FHFA will adopt as a final rule the interim final rule it issued jointly with the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Farm Credit Administration (the "agencies") that amends the Swap Margin Rule. The Swap Margin Rule requires swap dealers and security-based swap dealers under the agencies’ respective jurisdictions to exchange margin with their counterparties for swaps that are not centrally cleared. The final rule amendments will accommodate swap transfers in response to the UK’s exit from the EU. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 1221 | |
Legal Authority: 7 U.S.C. 6s(e) 15 U.S.C. 78o-10(e) 12 U.S.C. 4513 12 U.S.C. 4526(a) |
Legal Deadline:
None |
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Timetable:
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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.fhfa.gov; www.reginfo.gov | Public Comment URL: www.fhfa.gov |
RIN Data Printed in the FR: No | |
Agency Contact: James Jordan Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3075 Email: james.jordan@fhfa.gov |