The federal
banking and thrift regulatory agencies today requested public comment on
proposed changes to the data collection process that supports the Shared
National Credit review of large syndicated loans.
The program, which has been in place since 1977, is
an interagency examination and supervision effort designed to evaluate loan
commitments aggregating $20 million or more that are shared by three or more
supervised institutions. The program
provides a process to assign uniform credit ratings for shared national credits
in addition to collecting and analyzing data that regulators use to monitor credit conditions and trends at the
nation's largest banks.
The proposed data
collection changes would enable the agencies to improve the efficiency and
effectiveness of credit reviews, support continued risk-focusing efforts in the
program, and provide comparative credit risk information to banks and
regulatory supervisors. Under the
proposal, the data collection changes would be implemented with the 2007
review, employing data as of December 31, 2006.
The interagency
notice is attached. Comments are requested by February 15, 2005.
OCC Kevin Mukri (202) 874-5770
OTS Erin
Hickman (202) 906-6677