💰OCC Proposed Rule Changes for Liquidation Risk Management and GSP
The OCC has proposed revisions to its liquidity risk management framework, specifically regarding the accounting processes for Guaranty Substitution Payments (GSP). These changes aim to improve accuracy in financial assessments related to defaulting Clearing Members, ensuring that the OCC better manages its liquidity demands and reduces unnecessary resource collection from its members.
Learn More📊OCC's Policy Statement on Liquidity Risk Management Updates
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning a revision to its information collection titled "Interagency Policy Statement on Funding and Liquidity Risk Management."
Learn More💰OCC Proposes Changes to Master Repurchase Agreement for Liquidity
The Options Clearing Corporation has filed an advance notice regarding proposed amendments to a Master Repurchase Agreement, aimed at enhancing its liquidity facilities. These changes include modifications that would allow limited rehypothecation to expand funding sources and improve risk management in line with regulatory standards. The notice invites public comments concerning the proposed changes.
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