ARLINGTON, VIRGINIA (BNO NEWS) – The Federal Deposit Insurance Corporation (FDIC) announced Friday they will host a day-long symposium Friday to discuss issues and strategies available to financial institutions exposed to interest rate risk.

With a historically deep curve and low short-term interest rates, the FDIC states that it is vital for institutions to have robust processes for measuring and curbing risks posed by potential changes in interest rates. Participating in the symposium will be bankers, experts, and supervisors from all relevant financial sectors to outline ways that banks can protect themselves from changes in interest rates and better manage risks.

FDIC Chairman Sheila Bair said, “Banks and regulators need to be forward looking in their approach to risk management. Clearly, the interest rate environment will be changing as we emerge from this difficult economic period. Insured institutions should make sure they have sound risk management practices in place to measure, monitor and control this risk.”

The symposium will take place on Friday, January 29 at the FDIC’s Arlington, VA., facility.

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public faith and confidence in the United States banking system. The FDIC insures deposits at the nation’s 8099 banks and savings associations and promotes the safety and soundness of banks by identifying, monitoring, and addressing risks to which they are exposed.