November 3, 2015
Tuesday’s Regulatory & Legislative Round-Up
- A Joint Release of a Final Swap Margin rule by the Farm Credit Administration (FCA), the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Finance Agency (FHFA), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC), “establishes minimum margin requirements for swaps and security-based swaps that are not cleared through a clearinghouse. The margin requirements help ensure the safety and soundness of swap trading in light of the risk to the financial system associated with non-cleared swaps activity.”
- The U.S. Senate has enacted the Bipartisan Budget Act to lift the debt ceiling until March 2017. Affordable housing advocates are hopeful that the budget agreement will lead to an increase in funding for programs such as HOME Investment Partnership program, for more information see Enterprise Community Partners Blog Post on #saveHome efforts.