New Proposed Regulatory Policy on CRE Loan Accommodations & Workouts

The COVID pandemic led to financial distress across several CRE property types, especially the hospitality, office, retail, and entertainment industries.  In addition, rising interest rates, inflationary pressures, and labor challenges could adversely affect the financial condition and repayment capacity of commercial borrowers in various other industries.  This new proposed policy statement reaffirms certain key principles which require financial institutions to work prudently and constructively with creditworthy borrowers during times of financial stress, and it adds new provisions on short-term loan accommodations, changes in the accounting rules for reporting and estimating loan losses, and new helpful examples of CRE loan workouts.  This webinar will explain all of the proposed changes and updates and how your institution can prepare for the future.