Federal Banking Regulators Give No-Action Relief To Directors, Shareholders, etc.

The FDIC, the Federal Reserve Board ("FRB") and the OCC gave, until its expiration on the 1st of January of next year, a no-action relief to asset managers and various other establishments from Reg O.

Regulation O is a Federal Reserve regulation that sets quantitative limits and stipulations on the credit extensions by depository establishments to insiders. The insiders include director, executive officers, affiliates, prin....