Skip Header
U.S. flag

An official website of the United States government

Financial Institution Letters

FIL-60-2019
October 17, 2019

Federal Regulators Seek Comment on Proposed Guidance for Credit Risk Review Systems

Printable Format:

FIL-60-2019 - PDF (PDF Help)

Summary:

The FDIC, the Federal Reserve, the Office of the Comptroller of the Currency, and the National Credit Union Administration (the Agencies) are seeking comment on proposed guidance for credit risk review systems. The proposed guidance discusses sound management of credit risk, a system of independent and ongoing credit review, and appropriate communication regarding the performance of the institution's loan portfolio to its management and board of directors. The proposed guidance updates, as a stand-alone document, the elements of an effective credit risk review system currently contained in the Interagency Policy Statement on the Allowance for Loan and Lease Losses (Attachment 1 - Loan Review Systems), issued in 2006.

Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions.

Highlights:

Distribution:

Suggested Routing:

Related Topics:

Attachment:

Contact:

Note:

Access FDIC Financial Institution Letters (FILs) on the FDIC's website

Subscribe to receive FILs electronically

Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).

1 See item II.D.4 of the Interagency Guidelines Establishing Standards for Safety and Soundness, Appendix A to Part 364 of the FDIC's Rules and Regulations.