The OCC has issued its final rule on lending limits. The rule extends the compliance date to October 1, as ABA had requested in a comment letter.
The final rule also incorporates several other ABA recommendations, allowing banks to use the current exposure method for measuring derivative exposure, as they are currently allowed to do for capital purposes. It also allows bank to use the capital haircut methods for securities financing transactions that some banks currently use under capital rules.
The OCC also allowed banks to use their own developed models through an approval process.
Read the final rule.