Syndicated loans

In their biannual Shared National Credits Program report, regulators said that banks' exposure to leveraged loans and the oil and gas sector remained a source of concern.

The Office of the Comptroller of the Currency issued the directive following an interim examination.

Coordinators of a blockchain project backed by the financial industry say they have successfully demonstrated that the distributed ledger technology can be used to syndicate, trade and make payments on leveraged loans.

The OCC wants California First to implement “prudent concentration limits” on leveraged loans.