OCC bulletin on commodity hedging. The Office of the Comptroller of the Currency published a bulletin regarding the extent to which national banks and federal branches or agencies of a foreign bank may make or take delivery of a physical commodity to hedge commodity derivatives transactions. (8/4/2015) Bulletin.
Office of Financial Research studies Form PF. The US Treasury Department’s Office of Financial Research published “Gauging Form PF: Data Tolerances in Regulatory Reporting on Hedge Fund Risk Exposures.” The staff working paper examines the precision of SEC Form PF as an instrument for measuring market risk exposures in the hedge fund industry. (7/30/2015) OFR staff working paper.
Resolution planning. The Federal Reserve Board and the Federal Deposit Insurance Corporation published guidance regarding the filing of updated resolution plans by bank holding companies with total consolidated assets of US$50 billion or more and nonbank financial companies designated by the Financial Stability Oversight Council as systemically important. (7/28/2015) Joint agency press release.