Regulatory Alerts2013-05-30
Added
Market Risk Management
The Inspector of Banks amends Banking Supervision Instruction No. 339 to rename it "Market Risk Management" and restrict its scope to market risk, excluding interest rate risk which is now covered by Instruction No. 333. The amendment mandates that the calculation frequency for the trading book be at least daily and removes the monthly valuation requirement for positions. The instruction applies to banking corporations (excluding joint service companies) and credit card companies, with specific applicability criteria based on investment portfolio size, foreign currency position limits, or market-making activities in derivatives.
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