Prudential regulators release 2024 Shared National Credit report
By EsqSocial Corporation 17/03/25
On March 10, the FDIC, the Fed and the OCC published the 2024 Shared National Credit Program (SNC) report which highlighted that the overall SNC credit risk remains moderate — with a slight increase in the severity of risk due to loan commitments, from special mention to classified loans. The SNC program assessed the risk related to loan commitments in complex credit facilities over $100 million that are shared by three or more regulated financial institutions. The 2024 SNC commitments totaled...
By: Orrick, Herrington & Sutcliffe LLP