Bankowość · 12/05/1997

Uniform Guideline on Internal Control for Foreign Exchange Activities in Commercial Banks; Rescission of Uniform Guideline

As part of the FDIC's systematic review of its regulations and written policies under section 303(a) of the Riegle Community Development and Regulatory Improvement Act of 1994 (CDRI Act), the FDIC is rescinding its adoption of the Uniform Guideline on Internal Control for Foreign Exchange Activities in Commercial Banks (Uniform Guideline). The Uniform Guideline was originally adopted by the FDIC's Board of Directors in June 13, 1980, in conjunction with the issuance of the Uniform Guideline by the member agencies of the Federal Financial Institutions Examination Council (FFIEC). The FDIC is rescinding the Uniform Guideline because it is outmoded and duplicative. In addition, this FDIC Board action supports the FFIEC's recent withdrawal of the Uniform Guideline on February 27, 1997.