More syndicated loans at risk, say US regulators
Regulatory agencies say Covid-19 puts more big loans in lower categories, but cushions are strong
Three major US bank regulators published the findings of the 2020 Shared National Credit Survey on February 25, highlighting a rise in credit risk.
The agencies found that “credit risk for large, syndicated loans has increased over the last year”, which they attribute to Covid-19. The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation survey “the largest and most complex credits shared by multiple regulated financial institutions” twice yearly.
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