Viewpoints
Understanding Policy Statement on Prudent Commercial Real Estate Loan Accommodations
On June 29, 2023, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies), in consultation with state bank and credit union regulators, published the final policy statement on prudent commercial real estate loan accommodations and workouts. While the final policy builds on existing guidance, it’s important for your institution to understand the impacts it has on regulatory reporting, classification of loans, risk management and more. Watch this on-demand webcast to gain insight into the policy statement from the lending, legal and accounting perspectives.
Learning Objectives
- Learn from real-life examples of default on credit applying the spirit of guidance.
- Understand the requirements when evaluating and creating proper risk rating, tracking and reporting.
- Expand your understanding of default and workout options.
- Gain insight into the accounting and financial reporting impact from the guidance.
