Deposit Insurance Relief for CECL

Thoughtware Alert Published: Feb 18, 2021
Two bankers shaking hands

The new credit loss accounting standard, commonly known as CECL, is effective for certain public business entities. On February 16, 2021, the FDIC issued a final rule that provides relief for large or highly complex insured depository institutions that elected the CECL regulatory capital provisions or delay. This article provides details on the relief.

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