US: A brief review of The Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities

Josh Cohn, Christian Artmann and Alisa Ruvinsky

Journal of Risk Management in Financial Institutions, 2007, vol. 1, issue 1, 112-116

Abstract: A jointly-developed statement to be put in effect by US securities and banking regulators provides for a heightened level of review for complex structured finance transactions (CSFTs). This statement creates a principles-based approach to development by regulated entities of policies and procedures implementing a heightened level of review of prospective CSFTs. It is not anticipated that US branches or agencies of foreign banks will be necessarily expected to develop separate US-oriented policies applicable to CSFTs.This paper was submitted prior to the recent volatility that has appeared in some segments of the structured markets. It will be interesting to see how, if at all, recent circumstances affect implementation of the statement.

Keywords: complex structured finance transactions; elevated legal or reputational risks; risk management (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:aza:rmfi00:y:2007:v:1:i:1:p:112-116

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