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Ex Parte Meeting for Proposed Rule 84 FR 69664

  • Title:
    Call with Nomura re Capital Rule

    Ex Parte No: 1558
    Date: 6/22/2020

    Meeting Date:

    Monday, June 22, 2020

    CFTC Staff:

    Heath Tarbert

    Charlie Thornton

    Daniel Grimm

    Organization(s):

    Nomura Securities International, Inc.

    Nomura Holding America

    External Attendees:

    James DeNaut (Nomura Securities International, Inc.)

    Steven Aloupis (Nomura Holding America)

    Eugene Chiulli (Nomura Holding America)

    Patrick McGarry (Nomura Holding America)

    Angie Karna (Nomura Holding America)

    Randall Ross (Nomura Holding America)

    Christy Schaffner (Nomura Holding America)

    Meghan Sullivan (Nomura Holding America)

     

    Additional Information:

    Discussion regarding the risk margin amount in the capital proposal.  Specifically whether the current proposal could produce "double-counting" of capital with respect to market and credit risk charges under the net liquid assets capital determination method.