Annexes to COM(2013)158 - International Treatment of Central Banks and Public Entities Managing Public Debt with regard to OTC Derivatives Transactions

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dossier COM(2013)158 - International Treatment of Central Banks and Public Entities Managing Public Debt with regard to OTC Derivatives ...
document COM(2013)158 EN
date March 22, 2013
agreement, contract, or transaction a counterparty of which is a Federal Reserve bank, the Federal Government, or a Federal agency that is expressly backed by the full faith and credit of the United States;[…]

[11]     See 77 Fed. Reg. 30596 (May 23, 2012)

[12]     See 77 Fed. Reg. 30596, 30693.

[13]     See 77 Fed. Reg. 42560 (July 19, 2012).

[14]     See 77 Fed. Reg. 42560, 42562.

[15]     See 77 Fed. Reg. 42560, 42562.

[16]     Paragraph 127, http://www.hkma.gov.hk/media/eng/doc/key-information/press-release/2012/20120711e3a34.pdf)

[17]     Paragraph 167, http://www.hkma.gov.hk/media/eng/doc/key-information/press-release/2012/20120711e3a34.pdf)

[18]    Section 901-D of the OTC derivatives bill (http://www.treasury.gov.au/ConsultationsandReviews/Submissions/2012/Derivative-Transactions)

901D - Regulations may limit the persons on whom requirements may be imposed

The regulations may provide that the derivative transaction rules: (a) cannot impose requirements (or certain kinds of requirements) on certain classes of persons; or (b) can only impose requirements (or certain kinds of requirements) on certain classes of persons in certain circumstances.

Note: A class of persons may be described by reference to any matter, including (for example): (a) the volume of derivative transactions entered into by persons over a period; or (b) the characteristics or nature of persons or of their businesses; or (c) the place of residence or business of persons.

[19]    See title ‘Entities’ of the Consultation Paper (Implementation of a framework for Australia’s G20 over‐the‐counter derivatives commitments, page 17) – April 2012 http://www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/2012/Over%20the%20counter%20derivatives%20commitments%20consultation%20paper/Key%20Documents/PDF/OTC%20Framework%20Implementation_pdf.ashx

[20]     The central banks in all the jurisdictions analysed in this report perform functions related to their monetary responsibilities.

[21]     WGMR- Working Group on Margins Requirements.

[22]    http://www.bis.org/press/p120706.htm, Margin requirements for non-centrally cleared derivatives, BCBS and IOSCO, 6 July 2012