The existence of internal systems for monitoring and controlling interest-rate risks on all business of institutions is a particularly important way of minimising such risks. Consequently, such systems should be supervised by the competent authorities.
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New version applies from 04/01/2011 — introduced by Commission Directive 2009/27/EC, Directive 2010/76/EU (CRD), Directive 2010/78/EU.
61 provisions change.
Later versions: 01/01/2014.
Recital 23 changes in this version: compare with the current text.