Despite record-low interest rates in the US, several regulators including the Federal Reserve issued a warning to the nation’s commercial banks not to be caught off guard should rates increase in the future at a faster rate then seen in the past.
Ã¢â‚¬Å“In the current environment of historically low short-term interest rates, it is important for institutions to have robust processes for measuring and, where necessary, mitigating their exposure to potential increases in interest rates,Ã¢â‚¬Â the Federal Financial Institutions Examination Council, made up of agencies including the Fed and the Federal Deposit Insurance Corp., said in a statement today.
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