Regulatory Alerts2018-08-29 | 2018-18618Added · Updated
Amendments to Clearing Exemption for Swaps Entered Into by Certain Bank Holding Companies, Savings and Loan Holding Companies, and Community Development Financial Institutions
The Commodity Futures Trading Commission proposes rule amendments to exempt certain bank holding companies, savings and loan holding companies, and community development financial institutions from the mandatory clearing requirement for swaps. The proposed changes codify prior no-action letters by allowing entities with consolidated assets of $10 billion or less, or certified community development financial institutions, to avoid clearing swaps used to hedge or mitigate commercial risk. This action aims to reduce regulatory burdens on smaller financial entities while maintaining market integrity and risk management standards.
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