[IMGCAP(1)]The post credit crisis regulatory focus on forward-looking techniques and loan behavior models has been burdensome for some banks.
Already strained by the regulatory stress testing requirements, banks are feeling the pressure of the Financial Accounting Standards Board’s upcoming Proposed Accounting Standards Update (Subtopic 825-15), more commonly referred to as the Current Expected Credit Loss model, or CECL. With the final version expected to be issued sometime in the first part of 2015 as part of FASB's financial instruments standard, banks are starting to think about how they will prepare for the proposed accounting standards update.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access