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Fed Said to Work With OCC to Clarify Leveraged-Loan Guidance

Financial regulators in the U.S. are considering clarifications to their leveraged-loan guidelines to ensure banks are interpreting them correctly in order to limit risky lending, according to four people with knowledge of the matter.

The Federal Reserve and the Office of the Comptroller of the Currency put together a list, described as frequently asked questions, that seeks to answer some of the banks’ queries, said the people, who asked not to be identified because the plans are private. The regulators are discussing whether they will develop a version that would be sent to the banks and distributed publicly as well, one of the people said.