Capital Briefs: Advisory Group to Issue Capital Risk Guides

Twelve of the world's biggest commercial and investment banks are expected to unveil voluntary guidelines today for managing investment risk in capital markets.

The group-led by E. Gerald Corrigan of Goldman, Sachs & Co. and Stephen G. Thieke of J.P. Morgan & Co.-was formed in January on the heels of the $3.6 billion bailout of the hedge fund Long-Term Capital Management.

The Counterparty Risk Management Policy Group had promised a report by spring for banking, securities, and other companies hedging risks that would promote best practices and provide direction on what types of information should be reported to regulators.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER