The adoption by public companies of the Current Expected Credit Loss (CECL) accounting model ASC 326-20 has coincided with one of the most challenging economic environments seen in generations. After the first quarter of reporting, the ELFA’s July 22...
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July 31, 2020, 07:11 AM
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The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that makes narrow-scope improvements to various aspects of the financial instruments guidance, including the current expected credit losses (CECL) standard...
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March 10, 2020, 07:15 AM
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The federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a period of three years the day-one regulatory capital effects of the update to the accounting standard known...
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December 27, 2018, 07:15 AM
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U.S. bank profits are projected to reach pre-crisis levels but CECL could slow overall balance sheet growth, according to a new report from S&P Global Market Intelligence that also questions the benefits of newly enacted tax reforms.S&P Global Market...
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June 01, 2018, 07:15 AM
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While banks, insurers and specialty finance companies are making progress toward the implementation of the Current Expected Credit Loss (CECL) standard, widespread uncertainty regarding key decisions on accounting, modeling and data inputs has slowed...
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October 12, 2017, 07:14 AM
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