Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts

As previously announced by the Board of Governors of the Federal Reserve System (FED), the regulator has published in the Federal Register the finalized joint Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts. As noted before, the policy statement was jointly drawn up by the FED itself and several U.S. banking regulators including the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). It builds upon and supersedes a previous guidance issued in 2009 which was outdated and limited in scope.
Details on the statement, such as the purpose of the document and further information on its content, may be found in the enclosed pdf file (link background) or by viewing EventID 21977.