Financial Services Alert
United States Law Articles in English (2008)
- Goodwin Procter LLP
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Financial Services Alert
Federal Banking Agencies Issue Policy Statement Concerning Allowance For Loan And Lease Losses
The four federal banking agencies, acting jointly under the aegis of the FFIEC, issued a definitive policy statement (the "Policy Statement") concerning the methodologies and documentation banks and thrifts (collectively "financial institutions") should use in establishing and adjusting their allowance for loan and lease losses (" ALLL"). The Policy Stat...Try vLex for FREE for 3 days
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