American Public Power Association
OCCRulemakingOCC-2011-0008

Margin and Capital Requirements for Covered Swap Entities

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Last modified
Dec 9, 2015
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closed 4264d ago
American Public Power Association filings
1

Activity

American Public Power Association filed 1 comment on this docket between Nov 24, 2014 and Nov 24, 2014. 6 other organizations filed here. The comment window closed 4264d ago.

What American Public Power Association filed (1)

Nov 24, 2014· American Gas Association, American Public Power Association, Edison Electric Institute et. al· OCC-2011-0008-0148

The American Gas Association (AGA), the American Public Power Association (APPA), the Edison Electric Institute (EEI), the Electric Power Supply Association (EPSA), the Large Public Power Council (LPPC), and the National Rural Electric Cooperative Association (NRECA) respectfully submit the attached comments in response to the proposed rule issued by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and the Farm Credit Administration regarding capital and margin requirements for swap dealers and major swap participants.

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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Margin and Capital Requirements for Covered Swap Entities (OCC) — American Public Power Association | OpenPolis