Joint Release/Agencies Seek Comment on Proposed Amendments to Swap Margin Rule — 2018-02-05

Board of Governors of the Federal Reserve System Farm Credit Administration Joint Release Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency Agencies Seek Comment on Proposed Amendments to Swap Margin Rule WASHINGTON—Five federal agencies propose to amend swap margin requirements to conform with recent rule changes that impose new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations. Under the proposed amendments, legacy swaps entered into before the applicable compliance date would not become subject to the margin requirements if they are amended solely to comply with the requirements of the QFC Rules.