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Wednesday, August 6, 2014

Agencies Revise Capital Definition of Eligible Guarantee

The OCC, Federal Reserve and FDIC have published a final rule revising the advanced approaches risk-based capital rules by removing the requirement that only guarantees provided by certain counterparties are eligible for recognition as credit risk mitigants. The definition of “eligible guarantee” has been modified for purposes of the advanced approaches risk-based capital rules by removing the requirement that an eligible guarantee be provided by an “eligible guarantor” for all exposures other than securitization exposures. The final rule expands the set of recognized guarantors to that which existed under the 2007 advanced-approaches final rule.

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