HVCRE: The Continuing Saga of Lenders
Because banks receive favorable capital treatment when a credit facility’s tenor is shorter than one year, lenders increasingly offer financing with 364-day tenors and uncommitted extension option terms of up to 364 days. In...more
After a lengthy “holistic” review and a spring banking crisis, US bank capital requirements finally face overhaul. On July 10, 2023, US Federal Reserve Board (FRB) Vice Chair for Supervision Michael Barr delivered a...more
In CP16/22 (published on 30 November 2022), the UK’s Prudential Regulation Authority (“PRA”) sets out plans for implementing the Basel 3.1 standards for calculating risk-weighted assets (“RWA”). Concerned that downward...more