Bank regulators, in an effort to buff up their tarnished image and appear proactive, took it upon themselves to alert their charges to looming interest-rate risk.
“In the current environment of historically low short-term interest rates, it is important for institutions to have robust processes for measuring and, where necessary, mitigating their exposure to potential increases in interest rates,” sayeth the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., the Federal Reserve and other regulators in a Jan. 8 Interagency Advisory Bulletin.
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