Any office associated with the Comptroller associated with the Currency (OCC) is issuing guidance to nationwide banking institutions, federal savings associations, and federal branches and agencies (collectively, banks) in connection with part of casual or implied expressions of help from international governments (suggested sovereign help) in determining a borrower’s obligor and facility credit risk reviews. Because suggested sovereign help just isn’t a legitimately binding guarantee, this guidance reminds banking institutions that such expressions of casual or implied help must certanly be regarded as a maximum of a mitigating element whenever assessing a debtor’s credit danger.
Note for Community Banks
This guidance pertains to all banks that are OCC-supervised have actually international credit exposures. […]