HONOLULU - Comptroller of the Currency Eugene A. Ludwig announced a rule that he said would streamline and simplify regulations that limit the amount of money banks can lend to a single borrower.

The national bank regulator said that the agency would no longer require banks to calculate their capital base each time they make a loan. Instead, they will be able to rely upon the most-recent quarterly data. The rule takes effect March 17.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.