FASB Reviews CECL Implementation
ABA VP Josh Stein offers insights on a recent FASB meeting.
Tag: FASB
Financial Regulators Issue CECL Policy Statement
As banks work to implement the current expected credit loss accounting standard, the financial regulatory agencies have finalized an interagency ...
Former Comptroller: CECL a ‘Real Threat’ to Financial System
In an op-ed in American Banker today, industry veteran and former Comptroller of the Currency Gene Ludwig warned that the ...
Financial Services Hearing Spotlights Lawmakers’ Serious Concerns About CECL
Insights from ABA staff expert Josh Stein on the recent FASB oversight hearing.
ABA Calls for ‘Full, Indefinite’ Delay of CECL for All Banks
The American Bankers Association on Friday called on the Financial Accounting Standards Board to extend a “full and indefinite delay” ...
FASB Proposes Guidance to Ease Libor Transition
As banks work to reduce their dependence on the London Interbank Offered Rate, the Financial Accounting Standards Board yesterday proposed ...
ABA’s Gullette: CECL Could Imperil Credit in Economic Downturn
With 75% of bank investors now opposed to the current expected credit loss standard, ABA SVP Mike Gullette highlighted the ...
Industry Veterans Call for Pause on CECL Implementation
In an op-ed published today in The Washington Times, industry veterans William Isaac, former chairman of the FDIC and Thomas ...
House Lawmakers Introduce Bill to Stop and Study CECL
A bipartisan group of House lawmakers—led by Reps. Ted Budd (R-N.C.) and Vicente Gonzalez (D-Texas)—have introduced H.R. 3182, a bill ...
Industry Veterans Call for Checks on FASB, Warn of CECL Consequences
In an op-ed published yesterday in The Hill, industry veterans William Isaac, former chairman of the FDIC and Thomas Vartanian, ...
