CECL

The Financial Accounting Standards Board held a roundtable discussion on its new credit losses standard, with some mid-tier banks asking it to reconsider.

The company is now focusing on CECL and ALLL technology for community banks after being acquired by Accel-KKR.

The Financial Accounting Standards Board has released staff guidance on how to estimate credit loss reserves.

The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.

The new accounting standard will have a varying impact on financial institutions.

The proposals would make narrow improvements to the rules for credit losses, hedging, and recognition and measurement.

The SEC is also working to help companies with a crowded implementation schedule.

The update makes narrow improvements to the credit losses standard, including the transition requirements.

Financial institutions around the world are revising how they estimate credit losses.

The Financial Accounting Standards Board’s proposed changes to the credit loss standard promise to help private banks and credit unions deal with the transition on a more comfortable timeline.