FFIEC ALLL

by Mary Beth Guard

The bank regulators have jointly issued "Interagency Policy Statement on Allowance for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Institutions". It stresses the need for appropriate ALLL policies and procedures, which should include an effective loan review system.

Originally appeared in the Oklahoma Bankers Association Compliance Informer.

First published on BankersOnline.com