The provision, which became effective in July 2013, generally prohibits certain types of federal assistance, such as discount window lending and deposit insurance, to swap entities such as swap dealers and major swap participants.
In addition, we have made changes in our supervision that now allow us to supervise large financial institutions on a more coordinated, forward-looking basis. At the same time, we have been careful to make more-measured changes in our approach to regulating and supervising firms at the other end of the spectrum.