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Banking regulators propose new capital rules under CECL

Tammy Whitehouse | April 16, 2018

Banking regulators are trying to take the sting out of a new accounting standard that will have a big effect on the regulatory capital requirements that financial institutions must follow.

The Federal Reserve, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency have issued a joint proposal to revise their rules in response to the new method for recognizing credit losses under Accounting Standard Update No. 2016-13. The new accounting, which takes effect in 2020, will require banks to take a more forward-looking approach in recognizing credit losses, bringing loss recognition onto...

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