News & Analysis as of

Shared National Credit (SNC)

Kramer Levin Naftalis & Frankel LLP

The 2023 SNC Review Results: Increased Critical Loans Observed

On Feb. 16, 2024, the board of governors of the Federal Reserve System (the Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC, and together with the...more

Kramer Levin Naftalis & Frankel LLP

The 2019 SNC Review Results: Increased Criticized Loans Observed

On Jan. 31, 2020, the board of governors of the Federal Reserve System (the Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC, and together with the...more

Kramer Levin Naftalis & Frankel LLP

The Surprising 2018 SNC Review Results: Risk in the Portfolio of Syndicated Bank Loans Has Declined

On Jan. 25, 2019, the board of governors of the Federal Reserve System (the Federal Reserve), the Federal Deposit Insurance Corporation (the FDIC) and the Office of the Comptroller of the Currency (the OCC, and together with...more

A&O Shearman

Changes to Shared National Credit Program Provides Regulatory Relief to 82 Financial Institutions

A&O Shearman on

The US Board of Governors of the Federal Reserve System, the US Office of the Comptroller of the Currency, and the US Federal Deposit Insurance Corporation announced an increase in the aggregate loan commitment threshold for...more

Kramer Levin Naftalis & Frankel LLP

SNC Review Results: Non-Pass Originations at De Minimis Levels, but Oil and Gas Loans and Incremental Facilities Raise Concerns...

On Aug. 2, 2017, the Board of Governors of the Federal Reserve System (the Federal Reserve), the Federal Deposit Insurance Corporation (the FDIC) and the Office of the Comptroller of the Currency (the OCC, and together with...more

Katten Muchin Rosenman LLP

Agencies Find Weaknesses in Shared National Credits

Credit risk in the Shared National Credit (SNC) portfolio remained at a high level, according to an annual review of large shared credits released November 5 by federal banking agencies. The SNC review has been conducted...more

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