Counterparty Risk Mgt. Policy Group Releases Report

Posted by accountingweb on Aug 11 2008 644 printer friendly

By Edith Orenstein, FEI Financial Reporting Blog -
On August 6, 2008 the Counterparty Risk Management Policy Group (CRMPG - technically, CRMPG III) released a report: "Containing Systemic Risk: The Road to Reform."

As noted in CRMPG’s press release, its recommendations are laid out according " five 'Core Precepts,' which the Policy Group regards as relatively simple, readily understandable and forward-looking standards upon which the management of large integrated financial intermediaries must rest.

The CRMPG report was the subject of an article in the Aug. 7 WSJ, “Debt Market Fix? Try 60?” by Jon Hilsenrath and Serena Ng."

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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