Bankowość · 31/03/2020

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

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are seeking public comment on an interim final rule that temporarily delays the impact of a new accounting standard on banking organizations' regulatory capital, allowing them to focus on lending to creditworthy households and businesses amid the ongoing COVID-19 pandemic.