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News Release 2012-135 | September 26, 2012

Agencies Reopen Comment Period on Swap Margin and Capital Proposed Rulemaking

Joint Release

Board of Governors of the Federal Reserve System Farm Credit Administration Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency

Five federal agencies on Wednesday reopened the comment period on a proposed rule to establish margin and capital requirements for 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, as required by sections 731 and 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period—which originally ended July 11, 2011--was reopened to November 26, 2012, to allow interested persons more time to analyze the issues and prepare their comments in light of the consultative document on margin requirements for noncentrally-cleared derivatives recently published for comment by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.

Media Contacts

Federal Reserve Barbara Hagenbaugh (202) 452-2955
FCA Christine Quinn (703) 883-4108
FDIC David Barr (202) 898-6992
FHFA Stefanie Johnson (202) 649-3030
OCC Dean DeBuck (202) 874-5770

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