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Policy Statement.pdf

SR2305a1.pdf

🔗 Source: federalreserve.gov

📊 Size: 859 KB

👤 Author: Interagency

⬇️ Downloads: 315

Summary

The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency issued a Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts. The statement provides risk management principles for commercial real estate (CRE) loan accommodations and workouts, recognizing that financial institutions face challenges when working with CRE borrowers experiencing financial difficulties. The agencies expect examiners to take a balanced approach in assessing risk management practices, and financial institutions that implement prudent CRE loan accommodation and workout arrangements will not be subject to criticism. The statement updates and supersedes previous supervisory guidance, promoting supervisory consistency, transparency, and supporting policies that do not curtail credit availability to sound borrowers. It addresses risk management practices, loan classification, and regulatory reporting, including five appendices with examples and relevant rules.

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Description

The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the...

Technical Information

File Format: PDF
File Size: 859 KB
Pages: 39
Language: EN
Author: Interagency
Total Downloads: 315
Last Updated: 3 weeks ago

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