Banks Find No Relief In New Leveraged Lending Guidance
Law360, New York (November 12, 2014, 5:58 PM EST) -- The Federal Reserve and two other regulators last week attempted to offer more insight into a nearly 2-year-old set of guidance on underwriting standards for leveraged loans, but the additional detail provided little clarity and no relief for banks struggling to compete with less regulated industry players, experts say.
The Fed, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. said Friday that loan-underwriting conditions were unchanged from last year, when they first began in earnest to clamp down on what they view as loose practices, and published a list of frequently asked questions to help...
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