Feb. 8, 2024
I appose rule SR-OCC-2024-001 34-99393. The rule temporarily contains risk but adds to it during the long term. If this rule were to pass it would create a greater systematic risk in the future. This rule encourages risker bets because they know if the criteria it met they will be safe and continue to place riskier bets. There's a 99% expected shortfall amount and to reduce the percentage margin requirements must be updated to need more. We need to lower the expected shortfall percentage not ignore it with this rule. Sent from my Verizon, Samsung Galaxy smartphone