ABA Banking Journal Podcast

Bank executive insights, unique business strategies, regulatory updates from D.C., and fun banking stories—all this and more on the free ABA Banking Journal Podcast, brought to you in 20-minute episodes each week by the American Bankers Association’s award-winning podcast team.


With the Current Expected Credit Loss standard for loan loss accounting coming into effect for many banks — and the vast majority of bank assets — on Jan. 1, 2020, where are bank CFOs and managers in the process of implementing CECL, and what challenges are they seeing? ABA accounting experts Michael Gullette and Joshua Stein provide a CECL update on the latest issue of the ABA Banking Journal Podcast. In this episode, Gullette and Stein explain:

  • How CECL — which requires “life of loan” estimates of losses to be recorded for unimpaired loans at origination or purchase — may affect bank capital, and thus banks’ capacity to lend
  • The untested performance of CECL in a stressed economic environment
  • How forecasting uncertainty is already affecting longer-maturity loans, including to consumers
  • The challenge of retrieving and formatting data and translating forecasts into financial statements
  • How regulators and auditors are expected to address CECL — and why any regulatory flexibility provided may not be available under audit

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Meet your hosts

Shaun Kern
Senior Counsel
ABA

Monica C. Meinert
Deputy Editor
ABA Banking Journal

Joan Gregory Saenz
SVP, Congressional
Relations, ABA

Evan Sparks
Editor-in-Chief
ABA Banking Journal

 

 

 

 

 

 


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