Interagency Guidance on Country Risk Management

LETTER - The Federal Reserve, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have issued enhanced guidance concerning the elements of an effective country risk management process for banking organizations.

DIVISION OF BANKING, SUPERVISION AND REGULATION, SR 02-5, 8 March 2002.

TO THE OFFICER IN CHARGE OF SUPERVISION AND APPROPRIATE SUPERVISORY AND EXAMINATION STAFF AT EACH FEDERAL RESERVE BANK AND TO EACH DOMESTIC ORGANIZATION SUPERVISED