Regulation ZZ Policy
The purpose of this Regulation ZZ Policy Template is for a bank, credit union, fintech company, or other type of financial institution to comply with all requirements of Regulation ZZ – “Regulations Implementing the Adjustable Interest Rate (LIBOR) Act.”
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Applicability – Topic 4
- Board-Selected Benchmark Replacements – Topic 5
- Benchmark Replacement Conforming Changes – Topic 6
- Preemption – Topic 7
- Continuity of Contract and Safe Harbor – Topic 8
- Audit Policy – Topic 9
- Staff Training – Topic 10
- Retention of Documentation – Topic 11
Recent updates to this product:
Federal Reserve Press Release – Federal Reserve Board Adopts Final Rule that Implements Adjustable Interest Rate (LIBOR) Act by Identifying Benchmark Rates Based on SOFR (Secured Overnight Financing Rate) that will Replace LIBOR in Certain Financial Contracts After June 30, 2023”
This Regulation ZZ Policy Template (approximately 10 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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