Bankowość · 14/02/2019

Regulatory Capital Rule: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are adopting a final rule to address changes to credit loss accounting under U.S. accounting principles, including banking organizations' implementation of the current expected credit losses methodology. The final rule allows banking organizations to phase in the new accounting standard over a three-year period and makes related changes to regulatory capital rules, stress testing requirements, and disclosure requirements.