Tag Archives: loan loss accounting

ABA: Five-Year CECL Capital Transition Needed

Citing potential high volatility in credit loss allowances under the CECL accounting standard, ABA recently called on the Basel Committee for Banking Supervision to allow banks a minimum of five years to phase into regulatory capital the incremental allowances for credit losses under the CECL standard at the time of initial implementation.

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Survey: Two-Thirds of Bankers Have Begun CECL Prep

Approximately two-thirds of financial institutions have in some way begun tackling the Financial Accounting Standards Board’s Current Expected Credit Loss model for loan loss accounting, according to a survey released today by financial information firm Sageworks.

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FASB Issues Final Loan Loss Accounting Standard

As long expected, the Financial Accounting Standards Board today issued its new loan loss accounting framework, also known as the current expected credit loss model. Bank regulators have described CECL as the “biggest change to bank accounting ever.”

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