MARKET RISK: The Basel Committee on Banking Supervision issued market risk capital standards in January, and the U.S. banking agencies will publish their versions soon. The standards, which will direct regulators to use banks' internal models to measure risk, are supposed to take effect at the end of 1997. The Fed, meanwhile, canceled a meeting set for Feb. 7 to discuss an "alternative" approach to market risk regulation viewed as a possible successor to the Basel rules.

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.

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