W. Kent Ihrig

Shumaker, Loop & Kendrick, LLP

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Latest Posts › Banking Sector

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Client Alert: Federal Reserve Announces Expansion, Changes to Main Street Lending Program

This Client Alert serves to update and supplement our Client Alert of April 9, 2020, in light of additional guidance issued by the Board of Governors of the Federal Reserve System. Note, the Board of Governors and the...more

5/5/2020 / Banking Sector , Federal Reserve , Financial Institutions , Financial Services Industry

Client Alert: Federal Financial Institution Regulators Encourage Financial Institutions to Work with Borrowers; Fed Adjustment to...

In a March 22, 2020 Interagency Statement issued by all of the primary federal financial institution regulators (the “Regulators”), the Regulators have encouraged all financial institutions to “work prudently” with...more

3/26/2020 / Banking Sector , Borrowers , Coronavirus/COVID-19 , Debt Restructuring , Financial Institutions , Financial Regulatory Agencies , Financial Services Industry , Lenders

Client Alert: What to do about the Libor Time Bomb? ARRC Adopts Recommended Fall-Back Language for Libor Based Credit Facilities

As has been widely published in the financial services sector, the Financial Conduct Authority in the United Kingdom (FCA) has determined that banks will no longer be compelled to support the London Interbank Offered Rate...more

5/15/2019 / Banking Sector , Benchmarks , Financial Conduct Authority (FCA) , Financial Markets , Financial Regulatory Reform , Libor , Secured Overnight Funding Rate (SOFR) , UK

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