The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency are co-sponsoring a free 90-minute "Ask-the-Regulator" teleconference at 12:30 p.m. EDT, June 19, 2013, to discuss the recently issued leveraged lending guidance. Officers and employees of FDIC-insured institutions interested or engaged in leveraged lending activities, including participated leveraged loans, are invited to participate.
Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised banks and savings associations, including community institutions. However, only a limited number of community institutions have exposure to leveraged credits.
Representatives from the three federal bank regulatory agencies will provide an overview of the interagency guidance with an emphasis on supervisory expectations for sound risk management of leveraged lending activities.
The interagency teleconference will be held on June 19, 2013, from 12:30 p.m. to 2:00 p.m. EDT.