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Regulatory Capital Rules, Liquidity Coverage Ratio: Revisions to the Definition of Qualifying Master Netting Agreement and Related Definitions

FDIC · final-rule · Published 2016-10-17 · Effective 2016-10-17 · 81 FR 71348

Document

Document number
2016-25021
Federal Register citation
81 FR 71348
CFR reference
12 CFR 324
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2016-10-17
Effective date
2016-10-17

Abstract

The FDIC is adopting a final rule that amends the definition of "qualifying master netting agreement" under the regulatory capital rules and the liquidity coverage ratio rule. In this final rule, the FDIC also is amending the definitions of "collateral agreement," "eligible margin loan," and "repo-style transaction" under the regulatory capital rules. These amendments are designed to ensure that the regulatory capital and liquidity treatment of certain financial contracts generally would not be affected by implementation of special resolution regimes in non-U.S. jurisdictions that are substantially similar to the U.S. resolution framework or by changes to the International Swaps and Derivative Association (ISDA) Master Agreement that provide for contractual submission to such regimes. The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) issued in December 2014, a joint interim final rule that is substantially identical to this final rule.

Source

Authoritative
Federal Register document
Machine
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