CECL’s January compliance deadline for larger US banks is fast approaching. As everyone expected, the states of readiness vary widely among financial institutions. The CECL team leader at Citi, a...
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.
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.
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...
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...