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Margin and Capital Requirements for Covered Swap Entities Proposed Rule (LIBOR Amendments)
Type: Regulation
Federal Register Document Type: Proposed
Would amend the regulation governing Margin and Capital Requirements for Covered Swap Entities to clairify that certain non-cleared swaps would retain their legacy status if they are amended solely to substitute another reference rate for LIBOR as it is phased out and to address other issues.

Text of Comment Letter

Please see attached comments from the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) on the Proposed Rule and Request for Comment “Margin and Capital Requirements for Covered Swap Entities”. 


12 CFR Part 624

RIN 3052–AD38 

Respectfully submitted, 

Victoria Cumings

Managing Director - Americas

Global FX Division

Global Financial Markets Association (GFMA)

120 Broadway, 35th Floor, New York, NY 10271

O: +1 212 313 1141

C: +1 917 282 1236 

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