ABA to FASB: Subject CECL to Strong Cost-Benefit Test, Delay Implementation
Summarizing the complexity within key aspects of the Financial Accounting Standards Board’s Current Expected Credit Loss model for loan impairment...
Tax and Accounting
ABA’s Gullette: CECL Tweaks Not Meaningful Community Bank Relief
Efforts by the Financial Accounting Standards Board to placate the concerns of community financial institutions about its new loan loss...
ABA Wins Extension for New Executor Reporting Requirements
Following ABA’s recent request, the IRS today said it would extend the compliance deadline for new proposed executor reporting requirements.
ABA Spearheads CECL Workshop with FASB, Regulators and Auditors
ABA yesterday hosted a six-hour private workshop with bankers, banking regulators, SEC, PCAOB, auditors and the Financial Accounting Standards Board...
FASB Finalizes New Lease Accounting Standard
The Financial Accounting Standards Board yesterday issued its new lease accounting guidance, which requires all operating leases to be recorded...
ABA Calls for More Discussion, Possible Re-Exposure of CECL Standard
In a letter to the Financial Accounting Standards Board yesterday, ABA called for FASB to hold additional meetings and the...
ABA Raises CECL Concerns During Long-Awaited FASB Meeting
FASB board members said they would address several of ABA’s concerns as the final standard is issued and implementations proceeds...
ABA Resources for FASB CECL Roundtable Now Available
In advance of the community bank roundtable meeting that the Financial Accounting Standards Board is hosting on Thursday to address...
Fed Releases 2016 Stress Test Scenarios, CCAR Instructions
The Federal Reserve today released the three economic and financial market scenarios that it will use in the next round...
