Federal banking agencies’ recent decision to delay the estimated impact on regulatory capital stemming from implementation of the accounting industry governing board’s current expected credit losses (CECL) standard took effect officially on March 31, and […]
Clarifying the interaction between an interim final rule issued last week, and legislation enacted last week, on delayed implementation of the current expected credit loss (CECL) accounting standard was the aim of a joint statement […]
Mitigating effects of the current expected credit loss (CECL) accounting standard for up to two years in banks’ regulatory capital standard is the aim of an interim final rule issued Friday by the federal banking […]
A requirement for open meetings by the Federal Reserve would be waived, and the capital leverage ratio for community banks would drop to 8%, under some of the provisions being considered by the Senate to […]
Certain accounting standards – including those related to current expected credit losses (CECL) – should be either relaxed or postponed due to the financial impact of the coronavirus impact, the board chairman of the federal […]
“Narrow-scope” improvements to various aspects of financial instruments guidance, including the current expected credit losses (CECL) standard issued in 2016, are outlined in an accounting standards update issued Monday. The Financial Accounting Standards Board (FASB) […]
The National Credit Union Administration (NCUA) Board adopted an interagency policy on allowances for credit losses (ACLs) as affected by the upcoming current expected credit loss (CECL) accounting standard at its meeting Thursday in Alexandria, […]
A final interagency policy statement in response to the impending, new “current expected credit losses” (CECL) accounting standard and addressing allowance for credit losses (ACLs) at credit unions will be considered by the federal credit […]
Anti-money laundering (AML) and Bank Secrecy Act (BSA) compliance, consumer financial protection and cybersecurity are at the top of the list for the supervisory priorities of the federal credit union regulator in 2020, the agency […]
Various effective date delays for accounting standards on current expected credit losses (CECL) were finalized Friday by the accounting industry’s standards-setting group, one of which pushes the date to January 2023 for smaller financial companies, […]
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