Feb. 12, 2023
Please be informed that I am against the proposed changes in SR-OCC-2022-012. This proposal appears to be trying to lower the risk protections for the OCC by weakening risk mitigation measures such as ignoring third-party credit rating worthiness, while simultaneously trying to alter the collateral requirements in a way that ignores long-tail risks. Additionally, I am against any changes to legal policy that contain information redacted from public view. This proposal does not appear to be in the public's best interest, and redacting supporting exhibits by covering the entire document in black lines merely inflames the already overwhelming distrust in the fairness of American markets.