Title 12 — Banks and BankingRelease 119-73not60

§5472 Common Framework for Designated Clearing Entity Risk Management

Title 12 › Chapter 53— WALL STREET REFORM AND CONSUMER PROTECTION › Subchapter IV— PAYMENT, CLEARING, AND SETTLEMENT SUPERVISION › § 5472

Last updated Apr 3, 2026|Official source

Summary

The Commodity Futures Trading Commission and the Securities and Exchange Commission must work with the Board of Governors of the Federal Reserve to create joint risk‑management supervision programs for designated clearing entities (clearinghouses that settle trades). Within 1 year after July 21, 2010, those three agencies must send a joint report to the Committee on Banking, Housing, and Urban Affairs and the Committee on Agriculture, Nutrition, and Forestry of the Senate, and the Committee on Financial Services and the Committee on Agriculture of the House of Representatives with recommendations to make oversight more consistent, to strengthen clearinghouse risk management and regulators’ oversight, and to help regulators watch effects on U.S. financial stability.

Full Legal Text

Title 12, §5472

Banks and Banking — Source: USLM XML via OLRC

The Commodity Futures Trading Commission and the Commission shall coordinate with the Board of Governors to jointly develop risk management supervision programs for designated clearing entities. Not later than 1 year after July 21, 2010, the Commodity Futures Trading Commission, the Commission, and the Board of Governors shall submit a joint report to the Committee on Banking, Housing, and Urban Affairs and the Committee on Agriculture, Nutrition, and Forestry of the Senate, and the Committee on Financial Services and the Committee on Agriculture of the House of Representatives recommendations 11 So in original. Probably should be preceded by “with”. for— (1)

(2)promoting robust risk management by designated clearing entities;

(3)promoting robust risk management oversight by regulators of designated clearing entities; and

(4)improving regulators’ ability to monitor the potential effects of designated clearing entity risk management on the stability of the financial system of the United States.

Reference

Citations & Metadata

Citation

12 U.S.C. § 5472

Title 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60