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US bank regulators scrap 2013 leveraged lending guidance

Image of the FDIC signage outside of the building in D.C.
Photo: James Leynse/Corbis via Getty Images

Alexander Barzacanos

1 min read
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The guidance had drawn criticism for operating as a rule without adhering to formal rulemaking procedure.

The Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) jointly announced that they had rescinded the 2013 Interagency Guidance on Leveraged Lending, which had set standards to ensure federally supervised financial institutions managed leveraged loans safely in the wake of the 2008 financial crisis. The

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