230 R.I. Code R. 230-RICR-40-10-1.6

Current through December 26, 2024
Section 230-RICR-40-10-1.6 - Criteria for Evaluating Credit Exposure
A. Rhode Island Financial Institutions shall comply with all requirements set forth in the Office of Comptroller of Currency's ("OCC") Final Interim Rule on Lending Limits 12 C.F.R. Parts 32, 159 and 160 (Effective July 21, 2012) with respect to Credit Exposure caused by Derivative Transaction participation on relevant lending limits.
B. Rhode Island Financial Institutions shall act cautiously, responsibly and consistent with safe and sound banking practices in any Derivative Transaction participation.

230 R.I. Code R. 230-RICR-40-10-1.6