ABA recommends FASB staff memo to address certain nonbank CECL concerns
Citing possible adverse unintentional consequences to CECL practices at community banks, ABA said it opposed changes proposed by the Financial ...
Tag: CECL
Community banks, CECL and CRE
Are small banks falling short of credit reserves on CRE portfolios? The data say no.
Survey: Regulatory change remains top concern for banks
Keeping up with changing regulations was the top concern for U.S. financial services firms, according to Wolters Kluwer’s annual Regulatory ...
Hsu: Banks must document CECL methodologies, assumptions
With many banks expected to implement the current expected credit loss accounting standard in 2023, Acting Comptroller of the Currency ...
Fed: Second CECL tool for community banks to launch June 16
To help community banks successfully implement the current expected credit loss accounting standard, the Federal Reserve next week will launch ...
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 ...
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 ...
FASB Proposes Changes to TDR Accounting, Vintage Disclosures
The Financial Accounting Standards Board today proposed to eliminate its accounting guidance for troubled debt restructurings, or TDRs, while enhancing ...
PCAOB: CECL Deficiencies Suggest Tougher Audits to be Expected
In a recent report, the PCAOB noted ongoing deficiencies in the auditing of loan losses and an increase over 2019 ...
Fed’s SCALE Method for CECL: Haze Lifted, Questions Remain
The Federal Reserve introduced its CECL Scalable CECL Allowance Estimator, or SCALE, method and tool during an “Ask the Fed” ...
