H. R. 4233
IN THE HOUSE OF REPRESENTATIVES
September 6, 2019
Mr. Gooden introduced the following bill; which was referred to the Committee on Financial Services
To require the Federal banking agencies to increase the risk-sensitivity of the capital treatment of certain centrally cleared exchange-listed derivatives, and for other purposes.
This Act may be cited as the
Options Market Stability Act of 2019.
In this section, the terms depository institution and depository institution holding company have the meanings given those terms in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
Not later than December 31, 2019, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Comptroller of the Currency shall—
jointly issue a final rule relating to the notice of proposed rule making entitled
Standardized Approach for Calculating the Exposure Amount of Derivative Contracts (83 Fed. Reg. 64660; December 17, 2018); or
implement relief that allows for the adoption of a methodology for calculating the counterparty credit risk exposure, at default, of a depository institution, depository institution holding company, or affiliate thereof to a client arising from a guarantee provided by the depository institution, depository institution holding company, or affiliate thereof to a central counterparty in respect of the client’s performance under an exchange-listed derivative contract cleared through that central counterparty pursuant to the risk-based and leverage-based capital rules applicable to depository institutions and depository institution holding companies under parts 3, 217, and 324 of title 12, Code of Federal Regulations, that reflects the economic value of delta weighting and netting.