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 ...

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 ...

WASHINGTON — A group of the nation’s largest banks are urging regulators to delay a new accounting standard that requires banks to immediately book potential loan losses, arguing it could ...

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 ...

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 ...

Simply sign up to the Accountancy myFT Digest -- delivered directly to your inbox. Todd H Baker is a senior fellow at Richman Center for Business, Law and Public Policy at Columbia Business School and ...