POL FSA published res 60/2024 amending Recommendation G regarding interest rate risk management in banks due to changes in applicable regs and the market situation.
Main Points
Set of good practices re interest rate risk management in banks; limits to risk-sensitive variability of financial results and economic value measures for the bank's security.
New recommendation took into account current conditions re products generating interest rate risk and techniques for risk management, national and EU framework.
Provisions clarifying and supplementing this framework, in particular with regard to interest rate risk management in banks, including that in the trading portfolio.
Effectiveness
Banks must adapt their activities to the amended Recommendation G by Dec. 31, 2024; until then, banks must apply the Recommendation G from 2002.
Regulators
POL FSA
Entity Types
B/D; Bank; BHC; SIFI
Reference
OG Poz. 5, Res 60/2024, PR, 2/29/2024; Recommendation G
