The OCC issued an interim final rule amending its lending limit rule to include derivative and securities financing credit exposures. Under the Dodd-Frank Act, the agency was required to amend its rules by July 21, 2012. The rule applies to all national banks and state and federal savings institutions. Although the OCC issued the rule as a final rule with an effective date of July 21, 2012, banks will have until Jan. 1, 2013 to comply.
Link to Article: OCC Issues an Interim Final Lending Limit Rule