Risk glossary

 

Lincoln Amendment

A section of the Dodd-Frank Act that effectively forbids Federal Deposit Insurance Corporation (FDIC)-insured institutions and other entities that have access to Federal Reserve credit facilities – including banks, thrifts and US branches of foreign banks – from acting as a swap dealer except in certain limited circumstances, thus requiring such institutions to ‘push out’ most swap-dealing activities into an affiliate that is not FDIC-insured and does not otherwise access Federal Reserve credit facilities.
*see also Dodd-Frank

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