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Featured Blog - CareerHub
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Institute of International Finance’s (IIF) Final Report on Market Best Practices for Financial Institutions and Financial Products
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| Morrison & Foerster LLP |
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The Institute of International Finance (IIF)’s Board of Directors established a Committee on Market Best Practices (the “Committee”) in October 2007, with a view to galvanizing the banking industry’s efforts to develop practical ways to address market weaknesses and to rebuild confidence.
The Final Report of the Committee on Market Best Practices: Principles of Conduct and Best Practice Recommendations ? Financial Services Industry Response to the Market Turmoil of 2007-2008 (the “Report”) concludes the work of the Committee. It follows the publication of the IIF’s Interim Report in April 2008, on the need to address the many shortcomings highlighted by the recent market turbulence. The Report sets out Proposed Principles of Conduct, Best Practice Recommendations, and Considerations for the Official Sector in the areas of risk management, compensation, liquidity risk, valuation, securitization and transparency and disclosure issues.
To Read the Full Report, Click Here
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| Disclaimer |
| Because of the generality of this update, the information provided herein
may not be applicable in all situations and should not be acted upon without
specific legal advice based on particular situations. |
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