US regulator casts doubt on key SA-CCR netting benefit
OCC rejects suggestion banks can net certain cleared client exposures; Fed stays silent
The US Office of the Comptroller of the Currency appears set to dash hopes that incoming capital accounting rules will allow for more efficient netting of certain cleared client trades – a further blow to banks, who fear the new framework will result in a rise in counterparty credit risk capital.
Banks had called for clarity on a key provision in the US version of the standardised approach to
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