Netting Eligibility for Financial Institutions

Title: Netting Eligibility for Financial Institutions
Subject: Netting
Agency: Federal Reserve
Status: Proposed rule
Summary:
The Board of Governors (Board) is seeking comment on a proposal to amend Regulation EE to include certain new entities in the definition of “financial institution” contained in section 402 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) so that they will be covered by FDICIA’s netting provisions. The proposal would also clarify how the existing activities-based test in Regulation EE applies following a consolidation of legal entities.
FR Doc:
Date proposed:
Comments due date:

July 1, 2019

Final rule effective date:
Rule compliance date:
Agency release:

Related Reg Report item(s): Fed netting reg would treat more entities as ‘financial institutions’ under proposal

Be the first to comment

Leave a Reply

Your email address will not be published.