Margin and Capital Requirements for Covered Swap Entities Agencies

Document ID: OCC-2011-0008-0001
Document Type: Proposed Rule
Agency: Comptroller Of The Currency
Topics: Administrative Practices and Procedures, Capital, Margin Requirements, National Banks, Reporting and Recordkeeping Requirements, Risk
Federal Register Number: 2011-10432
CFR Citation: 12 CFR Part 45
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Details Information

Abstract:	The OCC, Board, FDIC, FCA, and FHFA (collectively, the Agencies) are requesting comment on a proposal 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 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.
Document Subtype:	NPRM
Received Date:	May 11 2011, at 09:11 AM Eastern Daylight Time
Start-End Page:	27564 - 27596
Comment Start Date:	May 11 2011, at 12:00 AM Eastern Standard Time
Comment Due Date:	June 24 2011, at 11:59 PM Eastern Standard Time