Regulatory Alerts2020-07-01 | 2020-14094Added · Updated
Margin and Capital Requirements for Covered Swap Entities
Five federal financial regulators (OCC, Federal Reserve, FDIC, FCA, and FHFA) have issued an interim final rule amending margin regulations for covered swap entities. The amendment extends the initial margin implementation deadlines for non-cleared swaps by one year, moving Phase 5 to September 1, 2021, and Phase 6 to September 1, 2022. This extension provides entities with additional operational capacity to comply with margin exchange requirements without diverting critical resources from pandemic response efforts.
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