On December 8, the OCC and the FDIC announced that they are rescinding the 2013 Interagency Guidance on Leveraged Lending and the 2014 FAQs. The agencies explained that banks should instead manage leveraged lending activities under generally applicable safe and sound lending principles, including underwriting, credit administration, and risk rating standards used for other commercial loan portfolios.

Continue Reading OCC and FDIC Withdraw Leveraged Lending Guidance