Regulatory Alerts2003-02-25
Funds Management Policy Guidelines
The Office of the Superintendent of Banking and Credit Unions (OSBC) issued these guidelines to establish comprehensive standards for bank funds management. The document requires institutions to create a Funds Management Committee, define robust record-keeping systems for deposits and rate sensitivity, and implement specific methods for calculating the cost of funds and pricing loans. Additionally, the policy mandates the integration of borrowing, investment, and contingency planning frameworks to mitigate interest rate risk and ensure adequate liquidity.
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