Implied or informal support From Foreign Governments

Implied or informal support From Foreign Governments

Any office of this Comptroller associated with Currency (OCC) is issuing guidance to national banking institutions, federal cost savings associations, and federal branches and agencies (collectively, banking institutions) about the part of casual or implied expressions of help from international governments (suggested sovereign help) in determining a borrower’s obligor and facility credit danger reviews. This guidance reminds banks that such expressions of informal or implied support should be viewed as no more than a mitigating factor when evaluating a borrower’s credit click for info risk because implied sovereign support is not a legally binding guarantee.

Note for Community Banks

This guidance pertains to all banks that are OCC-supervised have actually international credit exposures.

Features

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