Banker Teleconference on Leveraged Lending Guidance
Summary: 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.
Highlights:
- 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.
- Financial institution officers and employees wishing to participate in this call should register at http://www.surveygizmo.com/s3/1261687/Ask-the-Regulator-New-Guidance-on-Leveraged-Lending. After registering, participants will be provided a call-in number and passcode.
- PowerPoint slides are an integral part of the presentation and will be made available before the call on the event notice posted at https://www.fdic.gov/news/events/interagency/2013-06-19.html.
- Bankers may submit questions in advance or during the teleconference by following the instructions in the event notice referenced above.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Executive Officer
Chief Credit Officer
Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at
http://www.fdic.gov/news/financial-institution-letters/2013/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/index.html.
Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).