CECL

Virus Relief Bill Delays CECL Rule for Banks

Congress makes a rare intervention to delay when large public banks must change how they account for losses on souring loans.

Investors Want a Clear Story on CECL. Are CFOs Ready to Tell It?

Communicating credit risk model changes to investors may be the most challenging aspect of the new Current Expected Credit Loss accounting standard.

FASB Proposes Later Standards Deadlines for Private Companies

The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.

FASB Gives Private Companies Breathing Room on Lease Accounting

FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.

New Loss Accounting Rule Will Dent Some Banks’ Capital Levels

Banks with large portfolios of consumer loans and high loan-to-asset ratios may take the worst hits, according to S&P Global Ratings.

FDIC OKs Phase-in Period for New Banking Rule

Banks are concerned about the potentially disruptive effects of a new standard that will change how they account for losses from soured loans.