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Supervision release 4 January 2015 – 52/2015

Guidelines on the management of interest rate risk in the banking book enter into force on 1 January 2016

​The Financial Supervisory Authority (FIN-FSA) will bring into force the Guidelines on the management of interest rate risk arising from non-trading activities, i.e. interest rate risk in the banking book, published by the European Banking Authority (EBA) on 5 October 2015.

The EBA Guidelines were issued to both competent authorities and supervised entities. In its guideline, FIN-FSA recommends that supervised entities falling within the scope of application of the guideline comply with the above EBA Guidelines.

The FIN-FSA guideline will enter into force on 1 January 2016. Upon entry into force, the guideline will replace Section 6: Management of interest rate risk of Standard 4.4c: Management of market risk, issued by the former Financial Supervision Authority.

FIN-FSA will place particular emphasis on the management of interest rate risk in the course of 2016, and the new guidelines will be taken into account in the supervisory review and evaluation process (SREP). FIN-FSA may conduct supervisory visits and inspections related to this theme and send out a questionnaire to supervised entities regarding implementation of the new guidelines on the management of interest rate risk.

For further information, please contact

Risto Peltokangas, Risk Specialist, tel. +358 10 831 5273  or risto.peltokangas(at)fiva.fi.

Appendix

Regulations and guidelines 5/2015: Management of interest rate risk arising from non-trading activities
EBA Guidelines