IOER Levels Not Driving Reserve Decisions, Fed Survey Finds
Banks are not basing decisions on how much to hold in reserve at the Federal Reserve Banks on a desire...
Tax and Accounting
New IRS Guidance Outlines Restrictions for Deductibility of Net Business Interest Expense
The IRS today proposed regulations for implementing provisions of the Tax Cuts and Jobs Act that restrict the deductibility of...
FASB Finalizes CECL Effective Date Change for Non-Public Business Entities
The Financial Accounting Standards Board issued an accounting standards update today to allow non-public business entities to implement CECL on...
Got Culture? How the Audit Committee Can Help
Connecting the dots between internal audit, legal, human resources and compliance.
AICPA Releases Working Draft of Accounting Issues for CECL Implementation
The American Institute of Certified Public Accountants’ financial reporting executive committee today issued a working draft of accounting issues related...
ABA, State Associations Call for CECL Quantitative Impact Study
In a letter to Treasury Secretary Steven Mnuchin yesterday, ABA and 52 state bankers associations called for a quantitative impact...
Trade Associations Call for Continued Modernization of IRS Data Systems
As Congress continues to consider ways to modernize and strengthen the IRS’ taxpayer authentication procedures, the American Bankers Association joined...
ABA Urges IRS to Apply Passthrough Deduction to Charitable Remainder Trusts, Common Trust Funds
In a comment letter today, the American Bankers Association yesterday called on the Internal Revenue Service to specifically address charitable...
Climate-Related Disclosures Task Force Issues Status Update
A task force of the Basel, Switzerland-based Financial Stability Board has issued a status update on its efforts to develop...
ABA, Trade Groups Urge Clarity in Proposed Pass-Through Deduction Regulations
ABA, the Independent Community Bankers of America and the Subchapter S Bank Association today filed a comment letter on the...
