Several key regulatory events concerning bank investments occurred late in 1994 or will occur in early 1995. Among those events: the Federal Financial Institutions Examination Council (FFIEC) announced in November that Financial Accounting Standard No. 115 (FAS 115) would not impact regulatory capital; the OCC and FDIC released several derivative/structured note guidelines; and the regulators are working on another proposal to include interest rate risk in risk-based capital.
Sharon Lee, from the FDIC's Office of Capital Markets, discussed these and other topics as one of the featured speakers at the 1994 fall session of the Vanderbilt University/ IBSC Investment School for …