Regulatory Alerts1994-12-19
Added · Updated
Basel Committee Risk Management Guidelines for Derivatives
The Basel Committee on Banking Supervision issued these guidelines to establish sound risk management practices for banking organizations engaging in derivatives activities. The document mandates robust oversight by boards and senior management, requiring independent risk functions, comprehensive measurement systems, and strict internal controls. It further details specific requirements for managing credit, market, liquidity, operational, and legal risks through integrated limit structures and regular auditing.
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