dockets: OCC-2020-0010

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id agency_id title docket_type last_modified object_id rin dkabstract category subtype keywords program short_title effective_date organization attrs_raw attr_source
OCC-2020-0010 OCC Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances Rulemaking 2020-12-09T17:47:05Z 0b00006484448560 1557-AE82 The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are inviting comment on an interim final rule that delays the estimated impact on regulatory capital stemming from the implementation of Accounting Standards Update No. 2016-13, Financial Instruments--Credit Losses, Topic 326, Measurement of Credit Losses on Financial Instruments (CECL). The interim final rule provides banking organizations that implement CECL before the end of 2020 the option to delay for two years an estimate of CECL's effect on regulatory capital, relative to the incurred loss methodology's effect on regulatory capital, followed by a three-year transition period. The agencies are providing this relief to allow such banking organizations to better focus on supporting lending to creditworthy households and businesses in light of recent strains on the U.S. economy as a result of the coronavirus disease 2019 (COVID- 19), while also maintaining the quality of regulatory capital.     ["capital"]         {"displayProperties": [], "keywords": ["capital"], "modifyDate": "2020-12-09T17:47:05Z", "dkAbstract": "The Office of the Comptroller of the Currency, the Board of \nGovernors of the Federal Reserve System, and the Federal Deposit \nInsurance Corporation (collectively, the agencies) are inviting comment \non an interim final rule that delays the estimated impact on regulatory \ncapital stemming from the implementation of Accounting Standards Update \nNo. 2016-13, Financial Instruments--Credit Losses, Topic 326, \nMeasurement of Credit Losses on Financial Instruments (CECL). The \ninterim final rule provides banking organizations that implement CECL \nbefore the end of 2020 the option to delay for two years an estimate of \nCECL's effect on regulatory capital, relative to the incurred loss \nmethodology's effect on regulatory capital, followed by a three-year \ntransition period. The agencies are providing this relief to allow such \nbanking organizations to better focus on supporting lending to \ncreditworthy households and businesses in light of recent strains on \nthe U.S. economy as a result of the coronavirus disease 2019 (COVID-\n19), while also maintaining the quality of regulatory capital.", "agencyId": "OCC", "program": null, "shortTitle": null, "subType2": null, "title": "Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances", "generic": null, "field1": null, "docketType": "Rulemaking", "petitionNbr": null, "rin": "1557-AE82", "organization": null, "legacyId": null, "subType": null, "category": null, "field2": null, "effectiveDate": null, "objectId": "0b00006484448560"} single_get

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