Public hearing scheduled regarding the adoption of new Regulation 905- Loan Limitations: Credit Exposure to Derivative Transactions

The Delaware State Bank Commissioner will hold a hearing to consider the adoption of new Regulation 905, “Loan Limitations: Credit Exposure to Derivative Transactions”. This proposed new Regulation sets forth the rules for calculating the credit exposure arising from a derivative transaction entered into by a bank for purposes of determining the bank’s loan limitations pursuant to Section 909 of Title 5 of the Delaware Code. Proposed Regulation 905 is based on a similar regulation issued by the United States Office of the Comptroller of the Currency pursuant to Section 610 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, so that the requirements for state banks will be the same as those for national banks.

The hearing will be held in the offices of the State Bank Commissioner, 555 E. Loockerman Street; Dover, Delaware, 19901 on Monday, December 3, 2012, at 10:00 a.m. A copy of the public notice for this hearing containing the new regulation has been published in the November edition of the Delaware Register of Regulations.

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