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Bankowość · 15.02.2005

Shared National Credit Data Collection Modernization Extension of Comment Period

On December 20, 2004, the federal banking agencies (Board, FDIC, OCC, and OTS, collectively referred to as "the Agencies") published a proposal for public comment to standardize and expand the data collected from regulated institutions in order to improve the efficiency and effectiveness of Shared National Credit (SNC) examinations. By standardizing and expanding the collection of data, the Agencies will be able to use advanced credit risk analytics that will be beneficial to the reporting banks and the Agencies. The Agencies are extending the comment period to give the public additional time to submit comments on the proposal.

Source: Federal Register — Office of the Comptroller of the CurrencyOpen original release →