Bankowość centralna · 27/04/2023

Interagency Policy Statement on Allowances for Credit Losses Revised

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration are issuing a revised policy statement on allowances for credit losses in response to changes to U.S. Generally Accepted Accounting Principles, as outlined in the Financial Accounting Standards Board's Accounting Standards Update 2022-02.