Regulatory AlertsRecommendation G on Interest Rate Risk Management in Banks
The Financial Supervision Commission issued Recommendation G to establish comprehensive requirements for interest rate risk management in banks, replacing the 2002 version to align with current market conditions and EBA guidelines. The document mandates that bank management and supervisory boards implement robust policies, identification and measurement processes, and internal control systems to keep risk within the bank's risk appetite. Banks are required to fully comply with these provisions by December 31, 2024, ensuring proportional adaptation to their size, complexity, and risk profile.
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