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 thos
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