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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