FASB to Host Virtual Credit Losses Roundtable on May 20

The Financial Accounting Standards Board will host a virtual roundtable on the implementation of the current expected credit losses (CECL) standard and related technical issues. The event will be webcast live at fasb.org on May 20 from 9 a.m. to 12 p.m. EST.

The listening session is intended to help FASB members and staff gather additional feedback on CECL implementation, including technical issues related to purchased financial assets with credit deterioration (PCD) and troubled debt restructurings (TDRs). The FASB staff will share feedback received to date and then ask roundtable participants for their thoughts and observations.

Roundtable participants will include representatives of financial institutions of various sizes, regulators and other stakeholders. A list of all participants will be posted to the FASB website prior to the meeting.

The roundtable meeting will be live-streamed on the FASB website. To access the webcast, go to the “Upcoming Meetings” section of the FASB website and select the “Attend a Meeting – Remote (live webcast)” option. The recording will be archived on the FASB website for 90 days following the meeting.

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