FARM CREDIT II: The Farm Credit Administration is expected to approve an interim rule by Feb. 29 allowing the Federal Farm Credit Banks Funding Corp. to issue debt securities on global markets. Published by the FCA Nov. 24. Comments were due Dec. 26.
MARKET RISK: The Basel Committee on Banking Supervision will issue in January a revised version of its market risk capital standards, published by the U.S. banking agencies July 25. The standards, which will direct regulators to use banks' internal models to measure risks associated with foreign exchange, derivatives, and other trading activities, are supposed to take effect at the end of 1997.