Bankers Anticipate ‘Substantial’ Changes As a Result of CECL
Eighty-three percent of bankers say that implementing FASB’s Current Expected Credit Loss standard will require substantial changes to policies, procedures...
Tax and Accounting
BAFT Publishes Guidance on FATCA Compliance
BAFT -- ABA’s global transaction banking subsidiary -- today released guidance on the Foreign Account Tax Compliance Act to help...
FASB Issues Proposal to Improve Hedge Accounting
The Financial Accounting Standards Board issued the final proposal in its three-pronged effort to address bank accounting that started in...
CECL: What You Need to Know Now
CECL represents not just a change to bank accounting but to how all banks manage their businesses.
CECL from the Inside
A conversation with FASB’s Russell Golden
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...
ABA: Treasury’s ‘Interest Stripping’ Proposal Would Hinder Normal Business
ABA today urged the Treasury Department not to proceed with a proposed rulemaking intended to address alleged “interest stripping,” transactions...
ABA Wins Extension For New Income Verification Requirements
In response to advocacy by ABA and others, the Internal Revenue Service today said that it would extend an implementation...
