Regulatory Framework for Haircuts on Non-Centrally Cleared Securities Financing Transactions
This document sets out the finalised regulatory framework for haircuts on non-centrally cleared securities financing transactions, including the numerical floors, based on the analysis of consultative responses. It also includes a new consultative proposal on the application of numerical haircut floors to cover non-bank-to-non-bank transaction backed by collateral other than government securities.
The FSB welcomes comments on these proposals set out in Annex 4. Comments and responses to questions should be submitted by 15 December 2014 by email to [email protected] or by post (Secretariat of the Financial Stability Board, c/o Bank for International Settlements, CH-4002, Basel, Switzerland). All comments will be published on the FSB website unless a commenter specifically requests confidential treatment.