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Press Release

Cleveland Fed’s Forefront: Latest large loan (SNC) review finds weaknesses

11.19.2015

Forefront: Latest Large Loan Review Finds Weaknesses

An examination by financial regulators finds underwriting standards lacking and credit risk high for Shared National Credits, loans that involve millions of dollars and multiple institutions. Read more in Forefront.

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Register now for Financial Stability: Policy Analysis and Data Needs, a conference sponsored by the Cleveland Fed and the Office of Financial Research on December 3-4 in Washington, DC. The conference will bring together policymakers, market participants, and academics to discuss macroprudential policy development and implementation; tools that measure vulnerabilities in the financial system and identify potential threats to financial stability; and measurement challenges in the implementation of Dodd-Frank regulations. Find the complete agenda here.

 

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.218.1892