Banking Regulators Propose CRE Loan Policy Update, Signal Concerns for Upcoming Business Cycle

Updated statement signals concern from agencies about the impact of slowing economy on CRE lenders and borrowers. Proposed statement affirms that lenders will not be criticized for implementing certain CRE loan workouts and accommodations. …

Keith Noreika Joins Patomak Global Partners

Patomak Global Partners today announced former acting Comptroller of the Currency and Simpson Thacher & Bartlett LLP Partner Keith Noreika joined the firm to head its Banking Supervision and Regulation Group. “We are thrilled to add…

Bloomberg: BlackRock to Pimco Lobby Slows U.S. Move Toward Oversight

By Rob Schmidt and Ian Katz

The location of the National Credit Union Administration suits its place in the hierarchy of U.S. financial regulators. Unlike its better-known peers, which are all clustered near the Capitol or the White House, the agency is a 20-minute drive from downtown Washington in good traffic.

That hasn’t stopped senior executives at two of the world’s largest asset-management firms, BlackRock Inc. and Pacific Investment Management Co., from trekking out to the agency’s Virginia offices. Their mission: Convince Chairman Debbie Matz their companies don’t threaten the financial system.