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Final Rule: Enhanced Risk Management Standards for Systemically Important Derivatives Clearing Organizations

RIN: 3038–AC98

Agency/Agencies: CFTC

Federal Register Publication Date: 08/15/2013

Summary: The CFTC adopted final regulations to implement enhanced risk management standards for systemically important derivatives clearing organizations that include increased financial resources requirements for systemically important derivatives clearing organizations that are involved in activities with a more complex risk profile or that are systemically important in multiple jurisdictions, the prohibited use of assessments by systemically important derivatives clearing organizations in calculating their available default resources, and enhanced system safeguards for systemically important derivatives clearing organizations for business continuity and disaster recovery. This final rule also implements special enforcement authority over systemically important derivatives clearing organizations granted to the CFTC under section 807(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Ianthe Zabel
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