Federal Reserve System January 3, 2014 – Federal Register Recent Federal Regulation Documents

Prohibition Against Federal Assistance to Swaps Entities (Regulation KK)
Document Number: 2013-31204
Type: Rule
Date: 2014-01-03
Agency: Federal Reserve System, Agencies and Commissions
The Board is adopting a final rule that treats an uninsured U.S. branch or agency of a foreign bank as an insured depository institution for purposes of section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act'') and establishes a process by which a state member bank or uninsured state branch or agency of a foreign bank may request a transition period to conform its swaps activities to the requirements of section 716 of the Dodd-Frank Act.