Shared National Credit review finds risk remains high, but underwriting and risk management improve
Posted: Thu Jul 28, 2016 1:30 pm
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For release at 9:30 a.m. EDT
July 29, 2016
Shared National Credit Review Finds Risk Remains High, but Underwriting and Risk Management Improve
Credit risk in the Shared National Credit (SNC) portfolio remained elevated, but underwriting and risk management practices improved from prior assessments, according to a review of large shared and complex credits released today by federal banking agencies.
The SNC Program Review has been conducted by the Board of Governors of the Federal Reserve System (Federal ... (read more)