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US banks face questions over bad oil loans

Resilience of hard-hit regional lenders scrutinised as losses mount

Peter Gilchrist, head of global treasury risk at New York-based consulting firm Novantas, says the OCC’s push for stricter examinations might discourage smaller banks from lending to oil and gas producers in the future. For big banks, he thinks, the guidelines will not make much of a difference. “Our larger clients do not see the OCC publication as a sea change,” Gilchrist says. “Rather, they see it is a codification of [some of the] better practices that were generally in place.”

Read the full article at Risk.net…

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