Banks are warmly greeting a newly issued report on managing interest rate risk that encourages them to set their own standards.

In the draft report, "Principles for the Management of Interest Rate Risk," the Basel Committee on Banking Supervision acknowledges there are many roads to effective risk management. It suggests ways for banks to establish their own policies, rather than forcing them to comply with a prescribed regimen.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.