Bankowość · 19/05/2020

Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances; Correction

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation have revised an interim final rule to correct errors and clarify the impact of the Accounting Standards Update No. 2016-13 on regulatory capital, which was initially set to be implemented on March 31, 2020.