Principles for the Management of Interest Rate Risk, final version
19 September 1997
BASLE COMMITTEE ON BANKING SUPERVISION
BANK FOR INTERNATIONAL SETTLEMENTS, CH-4002 BASLE
The Basle Committee on Banking Supervision, with the agreement of the central bank Governors of the Group of Ten countries, is today releasing a paper containing a set of Principles for the Management of Interest Rate Risk. The document is a revised version of a consultative paper issued in January 1997. It re-emphasises the need for banks to maintain adequate risk management practices in all their activities and identifies specific agreed principles that supervisory authorities will consider in evaluating banks' management of interest rate risk.
The text of this paper can be obtained from the BIS Web Site on the Internet at http://www.bis.org with effect from 19th September, from national supervisory authorities or from the Basle Committee Secretariat at the Bank for International Settlements.