CFTC Grants NIBA’s No-Action Request regarding certain FASB Changes

CFTC Grants NIBA’s No-Action Request regarding certain FASB Changes

On August  13, the CFTC granted no-action and issued a no-action letter regarding certain FASB changes set to take effect as early as December 15, 2018 for certain IIBs, FCMs and other CFTC-registrants that are broker-dealers. The Lease Accounting Update as proposed would have resulted in a decrease in regulatory capital as compared to the…...

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