Office of the comptroller of the currency (occ)
Six US regulatory agencies have called for more loss-mitigation strategies to prevent homeowner defaults on mortgages. In a joint statement released yesterday they said that all regulated financial institutions...
US amends bank examination timetable
More Office of the comptroller of the currency (occ) articles
The US Office of the Comptroller of the Currency (OCC) reported that the notional amount of credit derivatives held by insured US commercial banks rose to $9.0 trillion at the end of 2006. This represents a 55% increase from the $5.8 trillion reported...
The leading industry association has asked US regulators to extend the deadline to comment on US Basel II rules.
While expressing broad support for "the Basel II approach", the US comptroller of the currency, John Dugan, said that this was not "the same thing" as saying that a perfect proposal to implement that approach had been crafted.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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