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Press Release
Agencies Extend Comment Period on Proposed Standardized Approach for Calculating the Exposure Amount of Derivative Contracts
February 15, 2019
Joint Release

Board of Governors of the Federal Reserve System

Federal Deposit Insurance Corporation

Office of the Comptroller of the Currency

For Immediate Release

WASHINGTON—Three federal banking agencies on Friday extended until March 18, 2019, the comment period for a proposed rule to update their standards for how firms measure counterparty credit risk posed by derivative contracts.

The proposal, jointly issued by the Federal Reserve Board, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, would provide the "standardized approach for measuring counterparty credit risk," also known as "SA-CCR" as an alternative approach to the agencies' current exposure methodology, or CEM, for calculating derivative exposure under the agencies' regulatory capital rules.

With the extension, the agencies will have provided interested parties with approximately four and a half months from the date the proposal was publicly released to review the proposal.

The proposal was released by the agencies on October 30, 2018, with a 60-day comment period that began after publication in the Federal Register on December 17, 2018.

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PR-8-2019
Attachments
Notice of Proposed Rulemaking regarding Standardized Approach for Calculating the Exposure Amount of Derivative Contracts
Last Updated: February 15, 2019