Despite Partial CECL Delay, Industry Trade Groups Still Seek Further Study
Many banks and credit unions will have additional time to prepare for the new Current Expected Credit Loss accounting system after the Financial Accounting Standards Board recently voted to delay implementation for a select group. Public banks that are SEC filers...
CECL Expected to Have Little Impact on Community Banks’ Reserves
Since the Financial Accounting Standards Board first instituted the new current expected credit loss rule in June 2016, the banking industry has been deeply concerned over the impact CECL would have on total reserves and capital. And for some of the larger players,...
Survey Shows Lenders Making Progress on CECL Transition, But Not Fast Enough
With nine months left to implementation, only 14 percent of SEC registrants are currently running parallel loan loss allowance models under the new current expected credit loss accounting method, while 3 percent of SEC registrants acknowledge they have not yet begun...This Week’s Paper: Digital Edition
