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 ...
Tag: CECL
Agencies Issue Guidance on Final CECL Standard
The federal banking agencies today issued guidance on implementing the Financial Accounting Standards Board’s new loan loss accounting standard, which ...
FASB Issues Final Loan Loss Accounting Standard
As long expected, the Financial Accounting Standards Board today issued its new loan loss accounting framework, also known as the ...
FASB Moves Forward with CECL, Delays Implementation
The Financial Accounting Standards Board voted today to move forward with its Current Expected Credit Loss standard, but agreed to ...
ABA Urges Regulators to Consider Costs, Benefits of CECL
ABA in a letter today urged the federal banking regulators to take an active part in the Financial Accounting Standards ...
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 ...
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 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 ...
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 ...
