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Margin and Capital Requirements for Covered Swap Entities

Publication Details
Type
Proposed Rulemaking
Document Number
2011-16004
Federal Register Publish Date
06/24/2011
Federal Register Citation
76 FR 37029
PDF Format
Comment Open Date
06/24/2011
Comment End Date
07/11/2011
Comment Status
Closed
Rulemaking Details
Rulemaking

Margin and Capital Requirements for Covered Swap Entities

Contact Information

FOR FURTHER INFORMATION CONTACT: 

  • OCC: Michael Sullivan, Director, Market RAD (202) 874–3978, Kurt Wilhelm, Director, Financial Markets Group (202) 874–4479, Jamey Basham, Assistant Director, Legislative and Regulatory Activities Division (202) 874–5090, or Ron Shimabukuro, Senior Counsel, Legislative and Regulatory Activities Division (202) 874–5090, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
  • Board: Sean D. Campbell, Deputy Associate Director, Division of Research and Statistics, (202) 452–3761, Michael Gibson, Senior Associate Director, Division of Research and Statistics, (202) 452–2495, or Jeremy R. Newell, Senior Attorney, Legal Division, (202) 452–3239, Board of Governors of the Federal Reserve System, 20th and C Streets, NW., Washington, DC 20551.
  • FDIC: Bobby R. Bean, Chief, Policy Section, (202) 898–6705, John Feid, Senior Capital Markets Specialist, (202) 898–8649, Division of Risk Management Supervision, Thomas F. Hearn, Counsel, (202) 898–6967, or Ryan K. Clougherty, Senior Attorney, (202) 898–3843, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429.
  • FHFA: Robert Collender, Principal Policy Analyst, Office of Policy Analysis and Research, (202) 343–1510, Robert.Collender@fhfa.gov, Peggy Balsawer, Assistant General Counsel, Office of General Counsel, (202) 343–1529, Peggy.Balsawer@fhfa.gov, or James Carley, Senior Associate Director, Division of FHLBank Regulation, (202) 408–2507, James.Carley@fhfa.gov, Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.
  • FCA: William G. Dunn, Acting Associate Director, Finance and Capital Markets Team, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102–5090, (703) 883–4414, TTY (703) 883–4434, Joseph T. Connor, Associate Director for Policy and Analysis, Office of Secondary Market Oversight, Farm Credit Administration, McLean, VA 22102–5090, (703) 883–4280, TTY (703) 883–4434, or Rebecca S. Orlich, Senior Counsel, Office of General Counsel, Farm Credit Administration, McLean, VA 22102–5090, (703) 883–4020, TTY (703) 883–4020.
Summary

SUMMARY: On May 11, 2011, the OCC, Board, FDIC, FCA, and FHFA (collectively, the Agencies) published in the Federal Register a joint notice of proposed rulemaking for public comment 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 (the proposed rule).

Due to the complexity of the rulemaking, to allow parties more time to consider the impact of the proposed rule, and so that the comment period on the proposed rule will run concurrently with the comment period for similar margin and capital requirements proposed by the Commodity Futures Trading Commission, the Agencies have determined that an extension of the comment period until July 11, 2011 is appropriate. This action will allow interested persons additional time to analyze the proposed rules and prepare their comments.

DATES: Comments on the proposed rule must be received on or before July 11, 2011.

ADDRESSES: You may submit comments by any of the methods identified in the proposed rule. Please submit your comments using only one method.