Thinking beyond CECL repeal
The current expected credit loss framework should be simplified. There are other ways to improve it, too.
Tag: Loan loss accounting
A simpler CECL
Two practical steps toward simplifying the loan loss accounting standard: anchoring estimates in public data and an enhanced SCALE.
Where community bank CECL costs actually come from
Q factors, validation and audit expectations drive costs for community banks without delivering matching value.
CECL’s true costs come into focus
A decade after its release, the current expected credit loss methodology has delivered added costs without corresponding benefits for community ...
FDIC proposes changes to large, complex IDI assessments to address TDR elimination
In response to the Financial Accounting Standards Board’s recent elimination of accounting guidance for troubled debt restructurings for adopters of ...
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 to End Troubled Debt Restructuring Accounting for CECL Adopters
As advocated by the American Bankers Association, the Financial Accounting Standards Board today announced that it would end troubled debt ...
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 ...
