New York, NY
On September 19, 2013, Cleary Gottlieb counsel Hugh C. Conroy, Jr. participated in a telebriefing sponsored by the American Bankers Association entitled “A Banker’s Guide to the Recent Changes to the OCC’s Lending Limit Rule – What You and Your Institution Need to Know.” Mr. Conroy presented on various considerations related to preparing for compliance, by October 1, 2013, with the revised lending limits established for banks by the Office of the Comptroller of the Currency. In particular, the teleconference panel discussion focused on incorporating the credit exposure from derivatives and securities financing activities into a bank’s lending limit compliance program.