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Margin and Capital Requirements for Covered Swap Entities

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American Petroleum Institute 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 American Petroleum Institute filed (1)

Jul 13, 2011· OCC-2011-0008-0036

Please find attached API's comments on Margin and Capital Requirements for Covered Swap Entities (Document ID OCC-2011-0008).

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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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Co-filers (6)

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Margin and Capital Requirements for Covered Swap Entities (OCC) — American Petroleum Institute | OpenPolis