Leveraged lending under scrutiny

Author: | Published: 5 Mar 2018

Guidance from 2013 has been subject to much criticism from banks, but has never been reviewed. Until now

In a long-awaited decision, the US Government Accountability Office (GAO) determined on October 19 2017 that the 2013 guidance on leveraged lending issued by the three US federal banking agencies (the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency) is a rule subject to congressional review and possible rejection under the Congressional Review Act (CRA)....