Air Transport Association
OCCRulemakingOCC-2011-0008

Margin and Capital Requirements for Covered Swap Entities

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Last modified
Dec 9, 2015
Comment window
closed 4264d ago
Air Transport Association filings
1

Activity

Air Transport Association filed 1 comment on this docket between Jul 13, 2011 and Jul 13, 2011. 6 other organizations filed here. The comment window closed 4264d ago.

What Air Transport Association filed (1)

Jul 13, 2011· Air Transport Association of America· OCC-2011-0008-0030

ATA's comments are attached. ATA urges the prudential regulators to more closely align this rule with the rule proposed by the CFTC.

Abstract

The OCC, Board, FDIC, FCA, and FHFA (each an "Agency'' and, collectively, the "Agencies'') are seeking comment on a proposed joint rule 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 and their counterparties 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.

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