Currency
By Paul Newson
The BCBS published its final standards on Interest Rate Risk in the Banking Book (IRRBB) in April 2016, with guidelines set to be implemented by 2018. As a result, institutions are now in the process of finding ways to comply with impending regulations whilst seeing what the most effective ways of calculating, and minimising, risk are. The industry must take into account more extensive guidance on the IRRBB management process and enhanced disclosure requirements to promote greater transparency.