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FIA PTG Supports the Proposed Move from the Current Exposure Methodology to the Standardized Approach for Counterparty Credit Risk

FIA PTG Supports the Proposed Move from the Current Exposure Methodology to the Standardized Approach for Counterparty Credit Risk

14 March 2019 2:00pm EDT

FIA PTG submitted a letter today to the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC). FIA PTG strongly supported the proposed moved from the current exposure methodology (“CEM”) to the standardized approach for counterparty credit risk (“SA-CCR”) without further delay. As active liquidity providers in centrally cleared products, FIA PTG members have been directly and adversely impacted by the continued reliance on CEM which has significantly impacted their ability to provide liquidity when it is needed most. FIA PTG encouraged the immediate adoption of the Proposal including the provision that would permit regulated clearing banks to adopt SA–CCR as of the effective date of the final rule.

The full letter is available here.

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