Alert May 31, 2011

Bank Regulators Propose Margin and Capital Requirements for Registered Swap Dealers, Major Swap Participants, Security-Based Swap Dealers, and Major Security-Based Swap Participants

The OCC, FRB, FDIC, Farm Credit Administration and the Federal Housing Finance Agency issued a request for comment on proposed joint rulemaking that would establish minimum margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants subject to their supervision.  Comments are due by June 24, 2011.