On November 29, the Office of the Comptroller of the Currency (OCC) proposed a rule to remove references to credit ratings from various OCC regulations and related guidance "to assist national banks and federal savings associations in meeting due diligence requirements in assessing credit risk for portfolio investments." Comments may be submitted through December 29.
On November 29, the Office of the Comptroller of the Currency (OCC) proposed a rule to remove references to credit ratings from various OCC regulations and related guidance "to assist national banks and federal savings associations in meeting due diligence requirements in assessing credit risk for portfolio investments." Comments may be submitted through December 29.
Please see full publication below for more information.
