Dynamic risk management

Date recorded:

Oral Update

The staff provided the Board with an update on the outreach activities with regard to dynamic risk management (DRM). The staff is reaching out to 25 banks from different jurisdictions and backgrounds. They also have different balance sheet structures and are currently managing their interest rate risk in different ways. The outreach materials have been distributed to them along with the questions they should respond to. The staff is setting up meetings with these banks between now and the end of January 2021. The staff expect to present the feedback from this outreach to the Board in March or April 2021. The Board will then decide the project direction.

There was no discussion on this topic.

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