PwC's Managing upstream risk: Regulatory reform review - An asian perspective December 2013 | Page 9

US regulatory reform – key dates for 2014
2013
Q3
Derivatives

2014
Q4

Beyond

Q1
Expected NPRs
(margin & capital)

Q2

• Non-US person transaction
level rules applied to USlocated trades - 14/1/14
• Trading relationship
documentation - 31/12/13

• Full confirmation Rules
- 1/9/14
• SEF minimum RQF
increases to 3 - 2/10/14

Stress Testing
Supervisory- and
Bank-run stress
test - Jan

Public disclosure
of Jan test results
- Mar

Resolution
Compliance date
- 31/12/13 (Wave
3 - first plan)

Prudential Standards

Lending limits &
Affiliate transactions
(23A)

Expected FR
(Enhanced
Prudential
Standards &
SLR)

Expected ANPR
(Bail-in-debt)
Expected ANPR
(Wholesale
funding)
Expected NPR
(Capital
Surcharhe)

Compliance date July (Wave 1 - third
plan & Wave 2 second plan)

Expected FR
(Single
Counterparty
Credit Limits &
LCR)

Expected NPR
(23A)

Mortgage
Compliance date - Jan
(Ability to Repay,
High-Cost, Servicing &
Compensation)

Volcker & Brokerdealer

Bank-run mid-year
stress test - July

Expected FR
(Volcker)

Expected FR
(MBS Risk Retention)

Expected NPR
(Broker-Dealer duties)

Compliance date July (Volcker)

Editorial | Regulatory Reform Review

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