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ARTICLE · 25 JUNE 2024

US Banking Regulators Finalize Nonbank Lending Reporting Requirements

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On May 22, 2024, the US federal banking regulators finalized a new set of reporting requirements for bank loans and commitments to fund finance facilities, private credit lenders, and other nonbank financial entities.1This change reflects

United StatesFinance and Banking
Matthew Bisanz
Matthew Bisanz
Kiel Bowen
Kiel Bowen
Todd Bundrant
Todd Bundrant
Mark Dempsey
Mark Dempsey
Frederick C. Fisher
Frederick C. Fisher
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Ann Richardson Knox
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Matthew D. O'Meara
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Jeffrey Taft
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Arthur S. Rublin
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On May 22, 2024, the US federal banking regulators finalized a new set of reporting requirements for bank loans and commitments to fund finance facilities, private credit lenders, and other nonbank financial entities.1This change reflects not only the rapid growth in this sector but also the regulators' desire to better understand and supervise concentrations of credit and risk in the US banking system.

The new reporting requirements will take effect for the reporting period ending December 31, 2024 (i.e., reports filed in the first quarter of 2025). These requirements will apply to all insured depository institutions with $10 billion or more in total assets—approximately 160 banks.2 While banks will not be required to report the individual names of direct or underlying obligors, banks and intermediaries should understand how they may be affected by the ways in which regulators and investors use this new information.

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