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 ...

The Financial Accounting Standards Board issued the Current Expected Credit Loss (CECL) accounting standard in 2016. Since then, many questions have been raised about what it requires, particularly by ...

Since the financial crisis struck in full force a decade ago, the nation’s financial system has been substantially reformed. Most of the reforms were fought hard by financial institutions, and while ...

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 ...

Strong performances by JPMorgan and Morgan Stanley, and disappointments at Goldman Sachs, dominated commentary around the 2019 US bank earnings calls in January. However, lurking in the background was ...

Last week, the Financial Accounting Standards Board (FASB) unanimously voted to delay implementation of the Current Expected Credit Loss (CECL) accounting standard, but segments of the industry still ...

In her August 4 op-ed, former US Federal Deposit Insurance Corporation chair Sheila Bair made the case for members of Congress to stay out of the ongoing debate over the current expected credit losses ...

“Those who fail to learn from history are doomed to repeat it.” Winston Churchill’s words should serve as a warning to the Financial Accounting Standards Board (“FASB”) regarding the Current Expected ...