The federal banking regulators today announced that they have extended the comment period until October 22, 2012 on three notices of proposed rulemaking (NPRs) that would revise and replace the agencies' current capital rules. The proposals have been available on the FDIC's website since June 12, 2012, and are available as PDFs below. Cross Reference(s): Dodd-Frank Sections 939A and 171. View FDIC release, OCC release or FRB release to learn more.

The MFA, SIFMA AMG, ICI and IAA submitted this joint summary to the CFTC Commissioners relating to concerns with gaps in the customer protections provided by the CFTC's LSOC segregation model for cleared swaps. The trade associations emphasize their expectation that LSOC would protect all customer margin from "fellow-customer risk." Further, the letter expresses the expectation that FCMs would be required to report the identity, positions and margin of each of their customers to derivatives clearing organizations. Recommendations were made urging the CFTC to use rule revisions, interpretative

The CFTC is asking for public comment on a petition submitted by Cantor Clearinghouse, LP (Cantor) for an amendment to its order of registration as a derivatives clearing organization. Specifically, Cantor is requesting that the CFTC's Order of Registration (which restricts Cantor's clearing activities to media-related contracts only) be amended to permit it to clear Foreign Exchange Spot Index Binary Flex Options. View press release in full here (links externally to CFTC website). Additional Materials: Submit to comments CFTC here.

The MFA submitted this letter to ESMA in support of including a requirement for straight-through processing in ESMA’s regulatory technical standards. The MFA argued that straight-through processing of derivatives transactions will ensure that parties to a derivative transaction are informed as close to real time as possible whether or not a transaction is accepted for clearing. The MFA also recommended that the EMIR RTS should mandate the compression or elimination of the time between execution and confirmation of clearing acceptance. View comment letter here (links externally to MFA website).

The MFA submitted this letter in response to IOSCO's Consultation Paper on Principles of Liquidity Risk Management for Collective Investment Schemes, expressing both general support for the principles proposed and concerns regarding the accompanying specific recommendations. The MFA encouraged IOSCO to: differentiate between the various regular liquidity risk management tools used by hedge funds and "exceptional measures"; revise IOSCO's recommendations concerning governance to reflect differences in hedge fund manager structures; and modify IOSCO's recommendations concerning the ongoing