RapidRatings Blog

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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CECL Has SEC Chairman's Support - Why wait to prepare?

February 27,2018

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...

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CECL, Merton Models and Volatility's Threat to ALLL Accuracy

February 16,2018

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...

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IFRS 9 Reporting Deadline Weeks Away

February 01,2018
Banking Community Looks to Canadian “Dual Filers” for Effects on Loan Loss Recognition

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

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Community Banks and Their Road to CECL Implementation

January 10,2018

What Keeps Community Banks up at Night

In October 2017, the Conference of State Bank Supervisors (CSBS) and the Federal Reserve jointly published Community Banking in the 21st Century/2017,”...

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