RapidRatings Blog

Current Expected Credit Loss (CECL) Opponents Gather Steam in May

May 23,2019

 

The month of May is shaping up to be a notable one on the CECL front now that the 116th Congress has organized and is settling into its business.

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CECL Saga Update – FASB Rebuffs the Regional Banks

April 05,2019

The Financial Accounting Standards Board (FASB) just took another important step in the runup to CECL implementation, scheduled for January 2020 for SEC registrants and later for others.

CECL...

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FASB in the Clinches: Notes on the CECL Public Meeting of 1/28/19

January 28,2019

FASB just held its long-awaited public meeting on CECL. Contrary to the expectations of many, it was not a heated procession of opponents arguing against CECL from all sides. Rather, it was a...

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Current Expected Credit Loss: The Pot is Still Stirring

January 16,2019

The banking industry and its allies in Congress have been outspoken in their fierce opposition to CECL since the broad outlines became clear, well ahead of FASB’s formal promulgation – its...

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CECL & Community Banks - Why the Effective Deadline Is Nearer Than You Think

April 25,2018

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...

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