The Federal Reserve Board has approved an expanded policy statement that clarifies risk-control standards for multilateral netting systems.

The policy incorporates the minimum standards in the Lamfalussy Report, a 1990 study by the Bank for International Settlements on ways to reduce risk in payment systems.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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