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Nov 10, 2014

US Bank Regulators Publish FAQs and 2014 SNC Review of Leveraged Lending

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On November 7, 2014, the Office of the Comptroller of the Currency (“OCC”), the Board of Governors of the Federal Reserve System (“Federal Reserve”) and the Federal Deposit Insurance Corporation (“FDIC”) (collectively, the “agencies”) released the widely anticipated answers to Frequently Asked Questions (the “FAQs”) relating to the March 2013 interagency guidance on leveraged lending (the “2013 Guidance”). The agencies simultaneously released the Shared National Credit (“SNC”) Program 2014 Review, which includes a supplement relating exclusively to leveraged loans (the “SNC Leveraged Loan Supplement” and, together with the FAQs, collectively, the “Additional Guidance”). Copies of the Additional Guidance are included with this note.

View full memo, US Bank Regulators Publish FAQs and 2014 SNC Review of Leveraged Lending

Authors and Contributors

Bjorn Bjerke

Partner

Leveraged Finance

+1 212 848 4607

+1 212 848 4607

New York

Jonathan (JD) DeSantis

Partner

Capital Markets

+1 212 848 5085

+1 212 848 5085

New York

Maura O’Sullivan

Partner

Finance

+1 212 848 7897

+1 212 848 7897

New York

Michael Steinberg

Partner

Finance

+1 212 848 8213

+1 212 848 8213

New York

Joshua Thompson

Partner

Finance

+1 212 848 8703

+1 212 848 8703

New York

Ronan Wicks

Partner

Finance

+1 212 848 5258

+1 212 848 5258

New York