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- Title
SEC and Banking Agencies Adopt Statement on Structured Finance Transactions.
- Authors
Fitzsimons, Adrian P.; Silliman, Benjamin R.
- Abstract
The article discusses the Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities, adopted by the U.S. Securities and Exchange Commission along with various banking agencies. The statement states that institutions should have effective risk management policies and procedures and internal control system in light of the potential legal and reputational risks associated with elevated-risk CSFT. It requires institutions to identify elevated-risk CSFT during its transaction.
- Subjects
UNITED States; RISK management in business; RISK assessment; COMMERCIAL crime prevention; AUDITING; REGULATED industries; FINANCIAL services industry; UNITED States. Securities &; Exchange Commission
- Publication
Bank Accounting & Finance (08943958), 2007, Vol 20, Issue 3, p40
- ISSN
0894-3958
- Publication type
Article