savings and loan companies

CFTC Approves Final Rule Exempting Certain Swaps from Swap-Clearing Requirements

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On November 2, the Commodity Futures Trading Commission (CFTC) approved a final rule exempting swaps entered into by certain financial institutions from the CFTC’s swap-clearing requirement under the Commodity Exchange Act (CEA). The exemption applies to swaps entered into by certain central banks, sovereign entities, international financial institutions, bank holding companies, savings and loan holding companies and community development financial institutions. Release.

Fed Proposal on Annual Assessments

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On April 15, the Fed requested comment on a proposed rule to establish an annual assessment for bank holding companies and savings and loan companies with $50 billion or greater in total consolidated assets, as well as for nonbank financial companies designated for Fed supervision by the FSOC.  Comments on the proposed rule must be submitted by June 15.  Fed Release.  Proposed Rule.