H.R. 4503, the Derivatives Safety and Soundness Supervision Act of 1994: Hearing Before the Subcommittee on Financial Institutions Supervision, Regulation, and Deposit Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Third Congress, Second Session, July 12, 1994 |
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Page 1
... legislation that would stifle the normal and healthy growth of derivatives or other creative aspects of our finan- cial system . Many financial institutions and consumers of derivative products have found them to be useful tools in ...
... legislation that would stifle the normal and healthy growth of derivatives or other creative aspects of our finan- cial system . Many financial institutions and consumers of derivative products have found them to be useful tools in ...
Page 2
... legislation will help establish a supervisory and regu- latory framework within which the regulators can promote better understanding of the derivatives market and can reduce incentives that may distort its proper functioning . That is ...
... legislation will help establish a supervisory and regu- latory framework within which the regulators can promote better understanding of the derivatives market and can reduce incentives that may distort its proper functioning . That is ...
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... legislation does , to try to find a workable set of regulations and systems of oversight that allows banks to make a good market in derivatives for their customers and for themselves while ensuring they pose no undue risk to the ...
... legislation does , to try to find a workable set of regulations and systems of oversight that allows banks to make a good market in derivatives for their customers and for themselves while ensuring they pose no undue risk to the ...
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... legislation and perhaps they could share some light on my perceptions as I now have them . Thank you . Chairman NEAL . Thank you , sir , very much . Mr. Schumer . Mr. SCHUMER . Thank you , Mr. Chairman , and let me thank you for holding ...
... legislation and perhaps they could share some light on my perceptions as I now have them . Thank you . Chairman NEAL . Thank you , sir , very much . Mr. Schumer . Mr. SCHUMER . Thank you , Mr. Chairman , and let me thank you for holding ...
Page 5
... legislation . Other than that , Mr. Chairman , I am delighted we are moving ahead , and I think this hearing should be educational and helpful to all of us . Chairman NEAL . Thank you , sir . Mr. Lazio . Mr. LAZIO . Thank you , Mr ...
... legislation . Other than that , Mr. Chairman , I am delighted we are moving ahead , and I think this hearing should be educational and helpful to all of us . Chairman NEAL . Thank you , sir . Mr. Lazio . Mr. LAZIO . Thank you , Mr ...
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Common terms and phrases
assets bank derivatives activities bank's banking regulators believe bill BRICKELL Call Report capital requirements Chairman NEAL commercial banks Committee on Banking Comptroller concern counterparties credit risk Deposit Insurance Corporation derivative financial instrument derivative instruments derivatives contracts derivatives dealers derivatives market Derivatives Safety derivatives transactions directors disclosure efforts end users end-users engaged in derivatives ensure examiners FDIC Federal banking Federal Deposit Insurance Federal regulatory agencies Federal Reserve Board FFIEC FIECHTER financial derivatives financial institutions financial markets funds Group of Thirty guidance Hove industry interest rate risk interest rate swaps ISDA issues LAZIO LEACH legislation leverage loan LOGAN LUDWIG market risk national banks notional amount oversight participants policies and procedures portfolio proposal provisions qualified financial contract rate risk exposure risk management risk-based capital Safety and Soundness savings associations SCHUMER Section Soundness Supervision Act speculation subsection suitability standard supervisory systemic risk Thank
Popular passages
Page 105 - The four regulatory agencies that issued today's stateaents are the Office of the Comptroller of the Currency (OCC) , the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB...
Page 105 - Derivatives are contracts the value of which depends on, or derives from, the value of an underlying asset, reference rate or index.
Page 63 - The group, which includes the chairs of the Federal Reserve Board, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, has resumed its regular meetings and has added derivatives, and interagency coordination of derivatives supervision, to its agenda.
Page 141 - The periodic compliance examinations conducted by the federal banking agencies and regulators - ie.. the Office of the Comptroller of the Currency; the Office of Thrift Supervision; the Board of Governors of the Federal Reserve System; the Federal Deposit Insurance Corporation; and the National Credit Union Administration - constitute a very significant deterrent to money laundering.
Page 104 - ABA is the only national trade and professional association serving the entire banking community, from small community banks to large bank holding companies. ABA members represent approximately 90 percent of the commercial banking industry's total assets, and about 94 percent of ABA members are community banks with assets of less than $500 million.
Page 62 - Currency ("OCC"), the Office of Thrift Supervision ("OTS"), and the Federal Deposit Insurance Corporation ("FDIC") will not be able to assume and duplicate the function of being the general supervisor over functionally regulated subsidiaries.
Page 9 - ROPMA and look forward to responding to your questions. Thank you. [The prepared statement of...
Page 160 - GAO comments supplementing those in the report text appear at the end of this appendix. o Comptroller of the Currency Administrator of National Banks Washington, DC 20219 June 16, 1998 Mr.
Page 126 - Although complete information was unavailable, the data on derivatives-related credit loss experience also showed that these activities had not produced large losses as of year-end 1992. According to data provided by the 14 major US ore derivatives dealers that responded to our survey, the 1992 total losses incurred by those dealers as a result of derivatives counterparty default was $250 million, or about 0.2 percent of their combined gross credit exposure.
Page 164 - Board, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, and the Commodity Futures Trading Commission; the District of Columbia government; the Bureau of the Census; and the US Postal Service.