FDIC Revises Credit Rating References In International Banking Regulations

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The rule will become effective on April 1, 2018.
United States Finance and Banking

The FDIC adopted a final rule amending its international banking regulations to replace references to credit ratings in the definition of "investment grade." Under the final rule, investment grade is defined as a "security whose issuer has adequate capacity to meet all financial commitments under the security for the projected life of the exposure."

The rule will become effective on April 1, 2018.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More