| Summary |
| I. Sources and effects of interest rate risk |
| A. Sources of interest rate risk |
| B. Effects of interest rate risk |
| II. Sound interest rate risk management practices |
| III. Board and senior management oversight of interest rate risk |
| A. Board of directors |
| B. Senior management |
| C. Lines of responsibility and authority for managing interest rate risk |
| IV. Adequate risk management policies and procedures |
| V. Risk measurement, monitoring and control functions |
| A. Interest rate risk measurement |
| B. Limits |
| C. Stress testing |
| D. Interest rate risk monitoring and reporting |
| VI. Internal controls |
| VII. Monitoring of interest rate risk by supervisory authorities |
| Annex A Interest rate risk measurement techniques |
| A. Repricing schedules |
| B. Simulation approaches |
| C. Additional issues |
| Annex B Monitoring of interest rate risk by supervisory authorities |
| A. Time bands |
| B. Items |
| C. Supervisory analysis |
