Regulacje i polityka gospodarcza · 3.10.1997

Supervisory Policy Statement on Investment Securities and End- User Derivatives Activities

The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA) (collectively referred to as the agencies), under the auspices of the Federal Financial Institutions Examination Council (FFIEC), request comment on a Supervisory Policy Statement on Investment Securities and End-User Derivatives Activities (1997 Statement) to provide guidance on sound practices for managing the risks of investment activities. The agencies also are seeking comment on their intent to rescind the Supervisory Policy Statement on Securities Activities published on February 3, 1992 (1992 Statement). Many elements of that prior statement are retained in the 1997 Statement, while other elements have been revised or eliminated. Changes in generally accepted accounting principles, various developments in both securities and derivatives markets, and revisions to the regulators' approach to risk management have contributed to the need to reassess the 1992 Statement. In particular, the agencies are proposing to eliminate the s