Fed: CECL Tool for Community Banks to Launch July 15
The Federal Reserve today said it plans to launch a new tool, the Scaled CECL Allowance for Losses Estimator, or ...
Tag: CECL
CECL’s First Wave Offers Insights for Smaller Banks
Many banks have until January 1, 2023 before they must implement the current expected credit loss standard, or CECL. But ...
Eliminating TDR Accounting: Finally a Carrot for Adopting CECL?
By Josh Stein ABA’s position that troubled debt restructurings are outdated and unnecessary is gaining steam, demonstrated by the recent ...
Stakeholders Discuss TDRs, Purchase Accounting, CECL Changes at FASB Roundtable
During a virtual roundtable hosted by the Financial Accounting Standards board today, investors, bankers and regulators expressed broad agreement on ...
FDIC Finalizes Deposit Insurance Rule Change to Accommodate CECL Transition
The FDIC today finalized changes to the risk-based deposit insurance system that applies to banks with more than $10 billion ...
Congress to Vote on COVID-19 Relief Bill Tonight
With Congress poised to cast final votes on a $900 billion bipartisan coronavirus relief package later this evening, ABA staff ...
FASB Reviews CECL Implementation
ABA VP Josh Stein offers insights on a recent FASB meeting.
FDIC Floats Changes to Deposit Insurance Rules to Accommodate CECL Transition
The FDIC on Friday proposed changes to the risk-based deposit insurance system that applies to banks with more than $10 ...
COVID-19: A Positive Disruptor to Expected Credit Loss Models
The current murky picture delivered by traditional data has forced an increased focus on new methods that better capture credit ...
CECL and COVID: Inconclusive, But Wait for the Auditors
By Mike Gullette Credit goes to the Department of Treasury with their conclusion, documented in the Congressionally mandated study “The ...
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