Bankowość · 24/10/2022

Assessments, Amendments To Incorporate Troubled Debt Restructuring Accounting Standards Update

The Federal Deposit Insurance Corporation is adopting a final rule that incorporates updated accounting standards in the risk-based deposit insurance assessment system for large insured depository institutions, including those with complex financial profiles. The rule modifies the calculation of deposit insurance assessment rates for borrowers experiencing financial difficulty, replacing troubled debt restructurings with a new accounting term introduced by the Financial Accounting Standards Board.