United States:
Agencies Finalize Rule Exempting Certain Commercial And Financial End Users From Initial And Variation Margin Requirements
16 August 2016
by
Michael H. Sugarman
,
Howard S. Altarescu
,
Edward G. Eisert
,
Elizabeth Elias
,
Thomas Kidera
,
Jennifer C. Lee
,
Lorraine McGowen
,
S. Chris Min
,
Douglas S. Mintz
,
Robert Moyle
,
Paul F. Rugani
,
Gillian Smith
,
Alexei Sobolev
and
Darren Teshima
Orrick
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On August 1, 2016, the Board of Governors of the Federal Reserve
System, the Office of the Comptroller of the Currency, the Federal
Deposit Insurance Corporation, the Federal Housing Finance Agency
and the Farm Credit Administration announced a final rule that
contains certain exemptions for "certain commercial and
financial end users from margin requirements for certain swaps not
cleared through a clearinghouse." The rule implemented
without any changes the interim final rule from November 2015. Press Release. Press Release. Press Release. Press Release.
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