Looking for trouble – When is a loan restructuring a TDR?
$225.00
Description
Abstract: Classifying restructured loans as “troubled debt restructurings” (TDRs) could have a significant impact on a bank’s financial statements. A restructuring is a TDR if a bank or other creditor, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower it wouldn’t otherwise consider. But what qualifies as a “concession”? This article discusses recent guidance on this matter from the Financial Accounting Standards Board (FASB) and the Office of the Comptroller of the Currency (OCC).
Additional information
Year | |
---|---|
Niche | |
Newsletter | |
Issue | |
Word Count |