Supervisors need to understand XVAs – OCC official

Benhart confirms OCC examiners are looking at valuation adjustments

Office of the Comptroller of the Currency
OCC examiners are scrutinising changing derivatives valuation practices

Supervisors need a better grasp of changing derivatives valuation practices, a senior official from the US Office of the Comptroller of the Currency (OCC) has said.

"We definitely are thinking about that issue. They are out there and growing and there is definitely a need for us to deal with the banks and understand what is going on there," said Darrin Benhart, deputy comptroller for supervision risk management at the OCC. He added that OCC examiners in New York are "now looking at some of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here