An FDIC proposal that would update the risk-based deposit insurance assessment system that applies to all large insured depository institutions was published in the Federal Register. The proposed amendments would reduce the cost impact of the current expected credit losses (CECL) methodology-related capital transition provisions on temporary deposit insurance assessments.
Comments on the proposal must be submitted by January 6, 2021. See previous coverage for more information on the impact of the proposal on deposit insurance assessments for large and complex banks.
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