United States:
Federal Register: Agencies Adopt Final Rule Allowing Three-Year Capital Phase-In Under New Accounting Standard
22 February 2019
Cadwalader, Wickersham & Taft LLP
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The Office of the Comptroller of the Currency, the Federal
Reserve Board and the FDIC adopted a rule to provide banking
organizations with the option to "phase in over a three-year
period the day-one" regulatory capital effects of the
"Current Expected Credit Losses" methodology. The rule
was published in the Federal Register
(see
here for previous coverage). The rule will become effective on
April 1, 2019.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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