Transition period for insured depository institutions.

CFR · 2024-01-01 · US · Title 12

(a) (2) Any request submitted pursuant to this paragraph (a) of this section shall, at a minimum, include the following information: (i) The length of the transition period requested; (ii) A description of the quantitative and qualitative impacts of divestiture or cessation of swap or security-based swaps activities on the insured depository institution, including information that addresses the factors in paragraph (c) of this section; and (iii) A detailed explanation of the insured depository institution's plan for conforming its activities to the requirements of section 716 of the Dodd-Frank Act (15 U.S.C. 8305) and this part. (3) The Board may, at any time, request additional information that it believes is necessary for its decision. (b) (c) (1) The potential impact of divestiture or cessation of swap or security-based swaps activities on the insured depository institution's: (i) Mortgage lending; (ii) Small business lending; (iii) Job creation; and (iv) Capital formation versus the potential negative impact on insured depositors and the Deposit Insurance Fund of the Federal Deposit Insurance Corporation; and (2) Any other factor that the Board believes appropriate. (d) (e) (f) (g)

official document · source cfr-2024 · id 12:§ 237.22