OCC Expands Banks’ Lending Limit Rule to Include Swaps Exposures
By Jesse Hamilton -
2012-06-20T14:00:56Z
The Office of the Comptroller of the Currency adopted an interim final rule to amend the lending limit for national banks under a Dodd-Frank Act requirement.
The rule revises the definition of loans to include derivative-transaction exposures, repurchase agreements and securities lending, the OCC said today in a statement announcing the final rule. Banks and savings associations have to comply by the end of the year, the agency said.
To contact the reporter on this story: Jesse Hamilton in Washington at jhamilton33@bloomberg.net.
To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net.
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.