10/10/2012 FDIC Board issues rule revising definitions for subprime, leveraged loan reporting

The FDIC Board yesterday issued a final rule that revises the definitions of subprime consumer loans and leveraged commercial loans for banks with more than $10 billion in assets that are subject to the large-bank pricing assessment system.

The final rule, among other things, also renames leveraged loans “higher-risk C&I loans and securities”; renames subprime consumer loans “higher-risk consumer loans”; clarifies when an asset must be identified as higher risk; and clarifies the way securitizations are identified as higher risk.

Read FDIC questions and answers on the final rule.
Read the final rule.