FASB to End Troubled Debt Restructuring Accounting for CECL Adopters
As advocated by the American Bankers Association, the Financial Accounting Standards Board today announced that it would end troubled debt...
Tax and Accounting
ABA, Trade Groups Express Concerns on OECD ‘Pillar 2’ Minimum Tax Proposal
The American Bankers Association this week joined a coalition of trade groups in a letter to Treasury Secretary Janet Yellen...
Biden Administration’s ‘Green Book’ Details Tax Proposals
The Biden administration yesterday released its “Green Book,” a document that contains proposed tax changes that the administration will likely...
SEC Proposes First-Ever Climate Risk Disclosures for Public Companies
The Securities and Exchange Commission today proposed a much-anticipated set of requirements for public companies to disclose information about climate...
Without ECIP Fix, Many Eligible CDFIs, MDIs Will Be Left Out of Key Investment Opportunity
Time is running out for the Federal Reserve to make a simple but critical fix to ensure infusions of funds...
ABA, Trade Groups Call for Withdrawal of Foreign Tax Credit Regulations
The American Bankers Association joined with a broad-based group of trade associations in a letter expressing strong concerns on final...
FASB Rejects Further Deferral of CECL
Earlier this week, the Financial Accounting Standards Board considered and rejected further deferral of the current expected credit loss accounting...
Podcast: Exit Interview with Jelena McWilliams, Part 1
The outgoing FDIC chairman discusses bank innovation, FDITech, post-COVID exams and the agency's COVID response in part one of this...
Beyond the Headlines on CECL’s Early Results
Credit loss estimation is complicated, and CECL’s lifetime loss objective makes it even more so. While a robust quantitative impact...
Tax Law Changes Teeter in a Sharply Divided Senate
As the start of a presidential term, 2021 was an active year for considering potential changes in tax law. But...
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