Federal Reserve proposes updates to rules on bank loans to insiders
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Table of Contents
The Federal Reserve is seeking public comment on proposed changes to Regulation O. This regulation controls how member banks lend money to their own executives, directors, and major shareholders.
Why it matters: This is largely an administrative update intended to modernize outdated dollar amounts and clarify specific technical scenarios regarding large investment funds.
Who it affects
- Member banks and bank holding companies
This is a proposed rule from the Federal Reserve; readers should consult the Federal Register for the full text before taking action.
Agency: Federal Reserve System
Source: Federal Register — read the official document