Core Viewpoint - The Financial Regulatory Bureau has revised the "Guidelines for Market Risk Management of Commercial Banks" to enhance capital supervision and standardize business operations, thereby improving market risk management levels in commercial banks [1] Summary by Sections Market Risk Definition - The revised regulations clarify the definition of market risk and specify the applicable scope, excluding interest rate risk related to bank balance sheets, while strengthening alignment with other regulatory frameworks [1] Governance Structure - The regulations emphasize the need for a robust market risk governance structure, clearly defining the responsibilities of the board of directors, supervisory board, and senior management, and highlighting the importance of market risk management at the consolidated group level [1] Risk Management Requirements - The regulations detail comprehensive market risk management requirements, including risk identification, measurement, monitoring, control, and reporting. They also refine internal model definitions and management, as well as stress testing requirements, aligning with current market risk measurement frameworks and practices [1] Implementation Guidance - The Financial Regulatory Bureau will enhance supervision and guidance to ensure the effective implementation of the new regulations, aiming to improve the market risk management capabilities of banks [1]