New disclosures under CECL, the current expected credit loss model, might not be the top concern of financial professionals shifting to the updated accounting standard in 2023. Still, revisions to ...

NORWALK, Conn. — Russ Golden, chairman of the Financial Accounting Standards Board, is defending the board’s decision to require all publicly traded firms to proactively report and set aside reserves ...

Certain provisions of the CARES Act provided community banks breathing room while they worked to facilitate the badly needed economic recovery, including the following: Temporarily reducing the ...

All eyes will be on the large SEC registrants in January as they become the first financial institutions to adopt the current expected credit loss model, or CECL. Regulators, investors and other ...

WASHINGTON, Dec. 7 -- The Federal Deposit Insurance Corporation has issued a proposed rule (12 CFR Part 327), published in the Federal Register, entitled: "Assessments, Amendments To Address the ...

Two of my top priorities as chairman of the National Credit Union Administration have been regulatory relief and modernization, items that have grown ever more pressing since the COVID-19 pandemic ...

Agency: "National Credit Union Administration (NCUA)." SUMMARY: This final rule facilitates the transition of federally insured credit unions (FICUs) to the current expected credit loss (CECL) ...

On April 14, 2020, the US federal banking regulators held a webinar to provide further guidance on relief from the effect of the current expected credit losses methodology (“CECL”) on regulatory ...

It has been nearly four years since FASB began issuing its revised financial instruments guidance (see the sidebar, “Topic 326 Changes”). The guidance impacts all industries, not just financial ...