01
Jul
2014

New OCC ABL Handbook Lending: Guidance to Bankers, Examiners

ABF Journal

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PUBLISHED ON: July 1, 2014

On March 27, 2014, the Office of the Comptroller of the Currency (OCC) issued a new handbook “Asset-Based Lending,” which provides guidance to federal bank examiners, national banks and federal savings associations on the safety and soundness of asset-based lending (ABL).

The new handbook provides a detailed overview of the inherent risks and advantages of asset-based lending and discusses prudent risk management guidelines and regulatory expectations. It also includes detailed examination procedures, an internal control questionnaire, transaction examples and verification procedures designed to assist examiners in their reviews of ABL portfolios.

Read the full article: New OCC ABL Handbook Lending: Guidance to Bankers, Examiners