12 U.S.C. § 5472 — Common framework for designated clearing entity risk management

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER IV—PAYMENT, CLEARING, AND SETTLEMENT SUPERVISION

Common framework for designated clearing entity risk management

12 U.S.C. § 5472

ChapterSUBCHAPTER IV—PAYMENT, CLEARING, AND SETTLEMENT SUPERVISION

This text of 12 U.S.C. § 5472 (Common framework for designated clearing entity risk management) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 5472.

Text

The Commodity Futures Trading Commission and the Commission shall coordinate with the Board of Governors to jointly develop risk management supervision programs for designated clearing entities. Not later than 1 year after July 21, 2010, the Commodity Futures Trading Commission, the Commission, and the Board of Governors shall submit a joint report to the Committee on Banking, Housing, and Urban Affairs and the Committee on Agriculture, Nutrition, and Forestry of the Senate, and the Committee on Financial Services and the Committee on Agriculture of the House of Representatives recommendations 1 for—

(1)improving consistency in the designated clearing entity oversight programs of the Commission and the Commodity Futures Trading Commission;

(2)promoting robust risk management by designate

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The Commodity Futures Trading Commission and the Commission shall coordinate with the Board of Governors to jointly develop risk management supervision programs for designated clearing entities. Not later than 1 year after July 21, 2010, the Commodity Futures Trading Commission, the Commission, and the Board of Governors shall submit a joint report to the Committee on Banking, Housing, and Urban Affairs and the Committee on Agriculture, Nutrition, and Forestry of the Senate, and the Committee on Financial Services and the Committee on Agriculture of the House of Representatives recommendations 1 for—
(1) improving consistency in the designated clearing entity oversight programs of the Commission and the Commodity Futures Trading Commission;
(2) promoting robust risk management by designated clearing entities;
(3) promoting robust risk management oversight by regulators of designated clearing entities; and
(4) improving regulators' ability to monitor the potential effects of designated clearing entity risk management on the stability of the financial system of the United States.

Source Credit

History

(Pub. L. 111–203, title VIII, §813, July 21, 2010, 124 Stat. 1821.)

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Bluebook (online)

12 U.S.C. § 5472, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5472.