Washington -- Comptroller of the Currency Eugene A. Ludwig announced Monday that he wants to bolster the supervision of derivatives products that banks both use and offer their customers.

Mr. Ludwig is forming an interagency task force to set accounting and capital standards for derivatives. He also wants the agencies to issue guidelines describing the systems that banks need to perform a coordinated evaluation of the various risk posed by derivatives.

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.