DENVER Examiners for the Office of the Comptroller of the Currency are worried about concentrations of municipal bonds held by national banks, and have begun asking risk officers to evaluate their exposures, an OCC official said.
Municipal Bond Worries Spur OCC Scrutiny of Banks' Exposure
APR 15, 2011 9:12am ET
A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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