Rapid Ratings Blog

Congressmen Cautious on CECL Implementation

October 05,2017

The CECL Saga carries on - RapidRatings joins its many clients in the banking industry to pay close attention.

On October 5th, 23 of the 60 members of the U.S. House of Representatives...

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Gearing Up for CECL: Summer Events Shed Light on Impending Accounting Standards Update

June 29,2017

Two current expected credit loss (CECL) themed events drew the attention of RapidRatingsTM this month. FASB assembled its Transition Resource Group for Credit Losses (“TRG”) on June 12th at...

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CECL Prospects Alarm Banks and Galvanize RapidRatings

May 22,2017
It is clear that 2017 is shaping up to be a year of ever-increasing discomfort for the US banking industry as it confronts the full implications of the radical changes in credit-loss accounting...
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Begin CECL Planning Now: IFRS 9 May Help Banks to Prepare

January 13,2017

As U.S. banks begin 2017 with a countdown to their transition deadlines on CECL, they will soon realize the analytical and administrative challenges that lie ahead. The FASB’s Accounting Standard...

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Getting Ready for CECL: 3 Steps to Take Now Towards CECL Preparedness

December 02,2016

This past June the Federal Accounting Standards Board (FASB) released the Accounting Standards Update 2016-13 which is a major reform of how financial institutions calculate loss allowances for...

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