Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities

The guidance provides that financial institutions supervised by the Board should establish and maintain written policies and procedures for identifying, evaluating, assessing, documenting, and controlling risks associated with certain complex structured finance transactions (CSFTs), and should retain certain documents related to elevated risk CSFTs. For purposes of the Board’s review, the term “financial institution” refers to state member banks, bank holding companies (other than foreign banking organizations), savings and loan holding companies (SLHCs), and U.S. branches and agencies of foreign banks.

The latest form for Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities expires 2022-09-30 and can be found here.