ICE LIBOR and Risk policy: Difference between pages

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The Administrator of the former benchmark interest rate [[LIBOR]] was ICE Benchmark Administration Limited (IBA) [[https://www.theice.com/iba.jhtml]]. IBA was the successor to BBA LIBOR Limited that is now called BBA Trent Ltd.   
''Risk management''.   
 
Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise.
Also known as LIBOR, sometimes libor, the benchmark interest rate was formally known as ICE LIBOR (formerly BBA LIBOR).


Risk policy should cover commercial as well as treasury approaches to exposure management.
The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives.
It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management.


== See also ==
== See also ==
* [[BBA]]
* [[Exposure]]
* [[Benchmark]]
* [[Risk appetite]]
* [[ICE Benchmark Administration]]
* [[Risk control]]
* [[LIBOR]]
* [[Risk tolerance]]


[[Category:Corporate_financial_management]]
[[Category:Financial_risk_management]]
[[Category:Treasury_operations]]

Revision as of 14:20, 23 October 2012

Risk management. Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise.

Risk policy should cover commercial as well as treasury approaches to exposure management. The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives. It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management.

See also