CFPB and Prudential Regulators Issue Guidance On Deposit Reconciliation Practices

The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau (“CFPB”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration, and the Office of the Comptroller of the Currency (“OCC”) issued guidance on May 18, 2016 outlining the agencies’ supervisory expectations regarding customer account deposit reconciliation practices.

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A Marginally Important Day: FDIC’s Board Approves Joint Final Rule On Margin for Uncleared Swaps and Finalizes Relief for End-Users

By | Derivatives & Repo Report | October 22, 2015

Earlier today, the Board of Directors (the “Board”) of the Federal Deposit Insurance Corporation (FDIC) approved a final rule to establish margin requirements on non-cleared swaps and security-based swaps (collectively, for this posting, “non-cleared swaps”). 

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