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The Office of the Comptroller of the Currency, the FRB and the FDIC delayed the effective date of the final rule that would amend the capital rule to address changes to credit loss accounting under U.S. GAAP
within Intellectual Property, International Law, Litigation and Mediation & Arbitration topic(s)
in European Union
The Office of the Comptroller of the Currency, the Federal
Reserve Board and the FDIC delayed the effective date of the
final rule that would amend the capital rule to address changes
to credit loss accounting under U.S. GAAP, including banking
organizations' implementation of the current expected credit
losses methodology ("CECL"). Under the final rule,
banking organizations will have the option to phase in the
regulatory capital effects of the CECL.
The new effective date is July 1, 2019. The original effective
date was April 1, 2019.
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