ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Economy

Fed to Watch CECL Implementation ‘Very Carefully,’ Chairman Says

February 27, 2019
Reading Time: 1 min read

As banks prepare to implement the Financial Accounting Standards Board’s current expected credit loss standard, Federal Reserve Board Chairman Jerome Powell said that the agency will be “watching carefully” to see how the standard will affect banks and the economy.

“We’re doing everything we can to avoid a big change that’s disruptive to lending,” Powell said during his annual testimony before the House Financial Services Committee today. “We’ve tried to work with banks so that they’ll be able to implement this FASB decision in ways that are not too disruptive and too expensive and too complicated.” He added that the Fed is allowing banks to phase-in the new standard over a three-year period.

The American Bankers Association has previously raised concerns that the Fed’s three-year phase-in does not go far enough to ensure CECL will function as intended, and that there could still be significant adverse effects on regulatory capital as the standard is implemented, particularly in the event of an economic downturn. The association has advocated for a quantitative impact study that would examine the effect of CECL throughout a credit cycle, including the standard’s effect on credit availability and procyclicality, among other things.

Powell stopped short of weighing in on whether conducting a quantitative impact study on the standard would be useful. He did suggest, however, that the Fed does not expect the standard to have a procyclical effect.

ADVERTISEMENT
Tags: CECLLoan loss accounting
ShareTweetPin

Related Posts

Survey: High interest rates make bank customers want to spend less

Survey: High interest rates make bank customers want to spend less

Newsbytes
July 7, 2025

Forty percent of people said that "unfamiliarity" is the main factor keeping them from trying a small bank. Nearly 60% said that a higher interest rate is the most important factor when considering switching bank accounts. 

Texas Bankers Foundation creates donations page in aid of Texas flood victims

Texas Bankers Foundation creates donations page in aid of Texas flood victims

Newsbytes
July 7, 2025

The foundation has made an initial $10,000 donation to the Kerrville-based Community Foundation of the Texas Hill Country to help victims of the flooding along the Guadalupe River and surrounding communities. More support is forthcoming to other organizations,...

OCC allows Texas banks affected by flooding to close

OCC allows Texas banks affected by flooding to close

Newsbytes
July 7, 2025

The OCC said that it expects that only those bank offices directly affected by potentially unsafe conditions will close and should make every effort to reopen as quickly as possible.

U.S. Bank survey: Small-business owners focus on succession planning

U.S. Bank survey: Small-business owners focus on succession planning

Newsbytes
July 6, 2025

The need for small-business owners to make long-term plans is reinforced by their day-to-day worries. Respondents reported top economic stressors as the economic environment; inflation and increased costs; competition; fraud or cybersecurity threats; and obtaining funding to support...

ABA files amicus brief urging Eighth Circuit to reverse district court’s dismissal of NSF fee lawsuit

FDIC report: 97% of supervised institutions rated satisfactory or better for consumer compliance

Newsbytes
July 6, 2025

The report includes a summary of the overall consumer compliance performance for FDIC-supervised institutions in 2024, a description of the most frequently cited violations, and an overview of consumer complaint trends. The last report was issued in spring 2024.

ABA, associations urge lawmakers to finalize deal on debt ceiling

Updated: President signs ‘big beautiful bill’ including numerous ABA-backed provisions

Ag Banking
July 3, 2025

Included in the bill were several ABA-supported tax provisions related to banks, including a modified version of the ABA-advocated ACRE Act and the permanent extension of the Section 199A pass-through deduction rate of 20%.

NEWSBYTES

Survey: High interest rates make bank customers want to spend less

July 7, 2025

Texas Bankers Foundation creates donations page in aid of Texas flood victims

July 7, 2025

OCC allows Texas banks affected by flooding to close

July 7, 2025

SPONSORED CONTENT

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

July 1, 2025
AI Compliance and Regulation: What Financial Institutions Need to Know

Unlocking Deposit Growth: How Financial Institutions Can Activate Data for Precision Cross-Sell

June 1, 2025
Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025

PODCASTS

Podcast: Inside ABA’s new Treasury Check Verification System API

June 25, 2025

Podcast: Staying close to clients amid tariff-driven volatility

June 18, 2025

Podcast: Old National’s Jim Ryan on the things that really matter

June 12, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.