FDIC Provides Transitional Rules on FAS 166/167 to Give Banks Time to Adjust to Accounting Changes
December 18, 2009
The Federal Deposit Insurance Corp. this week approved a final rule to provide temporary relief to banks on risk-based capital requirements stemming from recent major accounting changes. The FDIC board agreed to the rule which provides for a staff-recommended implementation schedule that will help banks avoid the balance sheet shock that is anticipated when most securitizations – including...