CECL Related Content

Fed, FDIC & OCC Delay CECL Adoption for Two Years

The federal bank regulatory agencies announced an optional extension of the regulatory capital transition for the new credit loss accounting standard. read more

FDIC Chairman to FASB: Defer CECL

The Wall Street Journal reported that FDIC Chairman Jelena McWilliams has asked FASB to defer CECL implementation for large public lenders. The Journal noted that McWilliams advocated for large lenders to have the option to use the old model of... read more

WSJ: Coronavirus Could Complicate Credit Loss Forecasting

The Wall Street Journal reported that the coronavirus could affect the way U.S. companies comply with CECL. read more

FASB Chairman Faces House Subcommittee on CECL’s Economic Impact

The Wall Street Journal reported that a house subcommittee interrogated FASB Chairman Russell Golden on the credit-loss standard’s potential impact on the economy. read more

FASB Seeks Public Comment on CECL Implementation Delay

The FASB is seeking public comments on a proposal that would grant certain private companies and organizations more time to implement FASB standards on current expected credit losses, leases and hedging. read more

FASB Votes to Extend CECL Implementation for Some Lenders

The Wall Street Journal reported that the FASB has proposed to extend by three years the implementation deadline of CECL for small public lenders, private lenders and nonprofits. read more

Banks Will Be Cast Adrift If Their Loan Origination Systems Aren’t Up to Scratch

Ron Meyer

Banks are beginning to prepare for the biggest accounting change in living memory. Because the current system of financial reporting was too slow to recognize losses on loan and debt securities during the financial crisis, the global accounting framework for... read more

Study Reveals Top Concerns Among Banks Transitioning to CECL

According to a study from SS&C Technologies Holdings, there is a disconnect among the banking sector’s readiness for current expected credit loss. read more

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