Interagency Guidance on Credit Risk Review Systems
Summary
The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the National Credit Union Administration have jointly issued the final Interagency Guidance on Credit Risk Review Systems (interagency guidance). The interagency guidance replaces the guidance in Attachment 1 – Loan Review Systems, which is part of the December 2006 Interagency Policy Statement on the Allowance for Loan and Lease Losses. Additionally, the interagency guidance aligns with the Interagency Guidelines Establishing Standards for Safety and Soundness.
Statement of Applicability to Institutions under $1 Billion in Total Assets:
This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.
Suggested Distribution
FDIC-Supervised Institutions
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