Regulatory Alerts2016-06-09
Investment Policy Guidelines
The OSBC mandates that banks formulate and adopt a written Investment Policy to establish the foundation for portfolio strategies and provide the Board of Directors with necessary controls for supervision. The policy must clearly define the Board's sole responsibility for supervising the investment account, including initial approval, annual review, and oversight of all investment decisions. It requires detailed standards for investment selection, portfolio composition, acceptable activities, and compliance with federal and state regulations to ensure safety, liquidity, and profitability.
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