Home > Product Update Notification - 02/08/10

Product Update Notification - 02/08/10

Revised Policy Templates

Interest Rate Risk Policy Template

The update to this product is in response to the following regulatory guidance:

FFIEC Advisory on Interest Rate Risk Management

http://www.fdic.gov/news/news/press/2010/pr1002.pdf

This guidance reminds institutions of supervisory expectations regarding sound practices for managing interest rate risk (IRR).  This advisory reiterates the importance of effective corporate governance, policies and procedures, risk measuring and monitoring systems, stress testing, and internal controls related to the IRR exposures of depository institutions.  It also clarifies elements of existing guidance and describes some IRR management techniques used by effective risk managers.

FDIC Supervisory Insights - Managing Interest Rate Risk in a Low Rate Environment

http://www.fdic.gov/regulations/examinations/supervisory/insights/siwin09/si_win09.pdf

This guidance discusses the need (particularly in a low interest rate environment) for, and key elements of, a strong, effective interest rate risk management program.

Asset, Liability and Liquidity Management Policy Template

The update to this product is in response to the following regulatory guidance:

OTS Regulatory Bulletin - Liquidity Risk Management and Investment Securities

http://files.ots.treas.gov/74868.pdf

This guidance provides revised Examination Handbook Sections 530 (Liquidity Risk Management) and 540 (Investment Securities), which rescinds any previous guidance regarding this subject matter.

NOTE:  The Asset, Liability and Liquidity Management Policy Template provides a brief reference to a financial institution's formal interest rate risk policy (Topic 9).  The Interest Rate Risk Policy Template provides complete guidance regarding this subject.


Regulation Z Policy Template

The update to this product is in response to the following regulatory guidance:

Federal Reserve Press Release - Final Rule Amending Regulation Z

http://www.federalreserve.gov/newsevents/press/bcreg/20100112a.htm

The Federal Reserve Board approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices.  Credit card issuers must comply with most aspects of the rule beginning on February 22, 2010.

What's New, Revised and Deleted

Please visit the following pages of our website to review detailed subject matter regarding new, revised and deleted topics for these products:

Asset, Liability and Liquidity Management Policy Template Update Details
Interest Rate Risk Policy Template Update Details
Regulation Z Policy Template Update Details

Ordering Information

These products are available to purchase from Bankpolicies.com for:

Asset, Liability and Liquidity Management Policy Template

$325.00 - List Price
- or -
$75.00* - Update Price

*Applies only to clients who have purchased the Asset, Liability and Liquidity Management Policy Template within the last three years including the following updates (if applicable):

Interest Rate Risk Policy Template

$175.00 - List Price
- or -
$75.00* - Update Price

*Applies only to clients who have purchased the Interest Rate Risk Policy Template within the last three years including the following update (if applicable):

  • Interest Rate Risk Policy Template Update - 04/22/08 - $50.00

Regulation Z Policy Template

$425.00 - List Price
- or -
$50.00* - Update Price

*Applies only to clients who have purchased the Regulation Z Policy Template within the last three years including the following updates (if applicable):

If you have ordered any of these products after 01/08/10 you are eligible to receive that updated product at no charge.

Click here to place an order for any of these products.  Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price of each product (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy.  Orders placed for Product Updates are only available directly through Bankpolicies.com.

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Additional information