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 ...
Tag: CECL
Treasury Inconclusive on CECL Effects, Calls for Further Study
While noting emerging indicators that credit availability declined and lending standards tightened in early 2020, the Treasury Department yesterday said ...
Agencies Finalize Three Rules Issued as Part of Pandemic Response
The federal banking agencies today finalized several rules originally issued as interim final rules during the spring weeks of the ...
FDIC: Bank Profits Fall amid Ongoing Pandemic; Community Bank Income Grows
FDIC-insured banks and savings institutions earned $18.8 billion in the second quarter of 2020, a 70% decline from a year ...
ABA Recommends Focus for Congressionally Mandated CECL Study
As the deadline for an ABA-advocated, congressionally mandated Treasury Department study of the current expected credit loss standard looms, ABA ...
Crapo Presses Regulators to Extend CARES Act Relief Provisions
As reported by Politico this week, Senate Banking Committee Chairman Mike Crapo (R-Idaho) wrote to the heads of the financial ...
Fed Proposes Revisions to Capital Assessments, Stress Testing Reports
The Federal Reserve has announced temporary revisions to its Form FR Y-14A/Q/M, the Capital Assessments and Stress Testing Reports.
Bipartisan Group of Senators Call for FSOC Study on CECL
A bipartisan group of senators yesterday urged Treasury Secretary Steven Mnuchin to direct the Financial Stability Oversight Council to conduct ...
Agencies Grapple with Particulars of CECL Delay
Three years after it was issued—and amid numerous congressional hearings, a mandate for the Treasury Department to study its economic ...
First Quarter COVID-19 Credit Loss Estimates: Where No Man Has Gone Before
Whether institutions are using CECL or incurred loss methodology, estimating credit losses in today’s pandemic-stressed economic environment is challenging to ...
