Regulatory Alerts2020-03-31 | 2020-06755Added · Updated
Standardized Approach for Calculating the Exposure Amount of Derivative Contracts
The Office of the Comptroller of the Currency, Federal Reserve Board, and FDIC issued a notification permitting banking organizations to implement the SA-CCR rule one quarter early. This best efforts adoption allows institutions to apply the standardized methodology for calculating derivative exposure amounts, along with related capital rule amendments, during the first quarter of 2020. By enabling earlier implementation of more risk-sensitive capital measurements, the guidance mitigates economic disruptions from the COVID-19 pandemic and recent market volatility while preserving the rule’s original April 2020 effective date and January 2022 mandatory compliance deadline.
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