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ARCHIVE | Criteria | Structured Finance | Legal: Standard & Poor's Addresses OCC Rule Regarding Preemption of State Anti-Predatory Lending Laws Mar 04
Standard & Poors, March 2004
Abstract
Standard & Poor's Ratings Services has completed its review of the final rule issued by the Office of the Comptroller of the Currency (OCC) Jan. 7, 2004, which amends 12 C.F.R. Parts 7 and 34 (the Rule). On Jan. 26, 2004, Standard & Poor's announced that it was in the process of reviewing the Rule, which clarifies the scope of the OCC's preemption authority over national banks and their operating subsidiaries (collectively, National Banks) and sets forth the extent to which the operations of National Banks are subject to state laws. The purpose of the review was to determine what effect, if any, the Rule will have on Standard & Poor's structured finance rating criteria. (For more information, see the...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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