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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(1 version)
Dec 9 2012 onwards

PIB 7.4.3

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) An Authorised FirmG must ensure that its Governing BodyG is responsible for monitoring the nature and level of Non-Trading BookG interest rate risk assumed by the Authorised FirmG and the process used to manage that risk.
(2) Without limiting the operation of (1), the responsibilities of an Authorised Firm'sG Governing BodyG in respect of the risk include:
(a) approving the Authorised Firm'sG Non-Trading BookG interest rate risk policy, including its strategy and management framework;
(b) establishing and maintaining a senior management structure for the management of the risk and for ensuring compliance with the Authorised Firm'sG risk strategy;
(c) monitoring the Authorised Firm'sG overall Non-Trading BookG interest rate risk profile on a regular basis and being aware of any material changes in the Authorised Firm'sG current or prospective profile; and
(d) ensuring that Non-Trading BookG interest rate risk is adequately identified, assessed, mitigated, controlled and monitored.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]