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US regulator casts doubt on key SA-CCR netting benefit
OCC rejects suggestion banks can net certain cleared client exposures; Fed stays silent
![OCC query OCC query](/sites/default/files/styles/landscape_750_463/public/article_copied_files/OCC-query.jpg.webp?h=2cd2af3c&itok=vn7EDkZk)
The US Office of the Comptroller of the Currency appears set to dash hopes that incoming capital accounting rules will allow for more efficient netting of certain cleared client trades – a further blow to banks, who fear the new framework will result in a rise in counterparty credit risk capital.
Banks had called for clarity on a key provision in the US version of the standardised approach to counterparty credit risk (SA-CCR), which allows transactions that are settled-to-market (STM) to be
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