The Interagency Statement on Sound
Practices Concerning Complex Structured Finance Transactions
describes the types of internal controls and risk management
procedures that the Agencies believe are particularly effective in
assisting financial institutions to identify, evaluate, assess,
document, and control the full range of credit, market,
operational, legal and reputational risks. A financial institution
that engages in complex structured finance transactions should
maintain a set of formal, written, firm-wide policies and
procedures that are designed to allow the institution to identify
and assess these risks.
US Code:
12
USC 1819 Name of Law: Federal Deposit Insurance Act
US Code: 12
USC 1831p-1 Name of Law: Federal Deposit Insurance Act
US Code: 12 USC 5301 et seq. Name of Law:
Dodd-Frank Wall Street Reform And Consumer Protection Act
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.