The Clearing House Association filed a supplemental joint trades comment letter related to issues raised during the prior joint trades interagency meetings on the original U.S. LCR NPRs. The letter includes the findings of TCH’s empirical analyses, which quantify the potential impacts of the “peak day” approach and the application of the U.S. LCR NPRs to certain insured depository institutions. The letter also addresses: (i) the accelerated implementation, (ii) the treatment of collateralized corporate trust account deposits, (iii) the definition of “regulated financial company”, and (iv) the treatment of collateral outflow amounts related to derivative transactions, under the U.S. LCR NPRS. Separately, on June 30, TCH joined a joint trades letter regarding the treatment of municipal securities as HQLA under the U.S. LCR NPRs.
You Might Also Be Interested In...
AML, Bank Secrecy Act and Sanctions BPI Submits Comment Letter to FinCEN Regarding AML Program Effectiveness
Bank Governance BPI Offers Recommendations to NY Financial Services Regulator on a Re-Proposed Regulation on Disclosure of Confidential Supervisory Information
Bank Liquidity A Replacement for LIBOR as a Loan Benchmark Would Ideally Be Sensitive to Liquidity Risk as Well as Credit Risk
Bank Liquidity Necessary Dimensions of a Holistic Review of the Meltdown of U.S. Bond Markets in March
Cybersecurity BPI Files Comment Letter with U.K. Banking Authorities in Response to Operational Resilience Proposals
More Posts by This Author
Bank Capital and Stress Testing GSIB Method 2 Fixed Coefficients Must Be Adjusted for Economic Growth
AML, Bank Secrecy Act and Sanctions BPI Endorses Legislative Compromise to Reform Anti-Money Laundering Framework and End Anonymous Shell Companies
Bank Activities and Structure BPI Asks OCC to Furnish Data Used to Support Rushed Fair Access Proposal in FOIA Request