
The Headline Dates for CECL
When FASB released its Accounting Standards Update 2016-13 – Measurement of Credit Losses on Financial Instruments – in June of that year many in the banking...

Since Carillion PLC’s unexpected liquidation in mid-January, fallout from the news has rattled Britain’s construction industry and put the hundreds of companies that worked with Carillion at risk....
CECL Has SEC Chairman's Support - Why wait to prepare?

Last fall opponents of CECL (Current Expected Credit Loss) made one of their most strenuous efforts yet to derail the FASB initiative (ASU 2016-13 Financial Instruments – Credit Losses). They...
CECL, Merton Models and Volatility’s Threat to ALLL Accuracy

The imposition of CECL reporting, beginning in 2020, presents the US banking industry with unprecedented analytical and administrative challenges. It is no surprise that banks admit to...
IFRS 9 Reporting Deadline Weeks Away

GAAP filers have until 2020 before they must make public their first attempts at estimating credit losses...