Short-Term Investment Funds

Activity

American Bankers Association filed 1 comment on this docket between Jun 10, 2012 and Jun 10, 2012. 0 other organizations filed here. The comment window closed 5010d ago.

What American Bankers Association filed (1)

Abstract

This final rule revises the requirements imposed on national banks pursuant to the OCC's short-term investment fund (STIF) rule (STIF Rule). Regulations governing Federal savings associations (FSAs) require compliance with the national bank STIF Rule. The final rule adds safeguards designed to address the risk of loss to a STIF's principal, including measures governing the nature of a STIF's investments, ongoing monitoring of its mark-to-market value and forecasting of potential changes in its mark-to-market value under adverse market conditions, greater transparency and regulatory reporting about a STIF's holdings, and procedures to protect fiduciary accounts from undue dilution of their participating interests in the event that the STIF loses the ability to maintain a stable net asset value (NAV).

• American Bankers AssociationTHIS ORG

  1 filing · confidence 97%