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Agencies Issue Final Joint Guidance on Leveraged Lending

 

March 27 - The FDIC, Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency are issuing the final guidance on leveraged lending activities. This guidance defines leveraged lending, addresses expectations for the content of credit policies, outlines the need for well-defined underwriting and valuation standards, and reinforces the importance of credit analytics and pipeline management for this type of lending. Guidelines for the purchase of participations involving leveraged loans also are included.

Highlights:

Click here for the final guidance.


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