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Guidance on the Risk Management of Derivatives
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These Guidelines cover the main aspects of devising a policy on the use of derivative. It is based very closely on the „Supervisory Standard on the use Derivatives by Insurance Companies‟ as issued by the International Association of Insurance Supervisors.
The implementation of the Guidelines needs to be tailored to the particular circumstances of individual companies. For example, the Central Bank of Ireland does not expect that smaller insurance companies, such as captives, will have the same level of formalisation as implied by these Guidelines. Still,it is considered vital that companies however small address the issues contained in this document and formalise policies and procedures no matter how briefly.
Banc Ceannais na hEireann Central Bank of Ireland - Organizational Body
NONE
Management
English
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