Accounting methods

Strip FASB of its powers

06/12/20

Lawmakers should go further than their recent criticism of the Financial Accounting Standards Board's loan-loss rule and just hand over its duties to the Securities and Exchange Commission.

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Don’t use coronavirus as an excuse to derail CECL

04/16/20

Lawmakers delayed the new accounting standard as part of the stimulus package, but they shouldn't let bankers persuade them to eliminate it outright.

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Time for Congress to put an end to CECL

03/25/20

Policymakers should abolish the new accounting standard because it could distract banks at exactly the moment they need to be focused on pulling their communities from the brink of recession.

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CECL is a real threat to the financial system

01/31/20

The new accounting standard meant to prevent another financial crisis could actually trigger one.

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'A wolf in sheep's clothing': Comments of the week

08/15/19

Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.

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Nonbank players are ready for CECL — are banks?

08/15/19

The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.

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CECL: A solution in search of a problem

07/29/19

The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks.

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Easing derivatives trading rule would help the system, not hurt it

07/26/19

Regulators should proceed with removing one of the margin requirements for trading swaps.

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'What a bunch of Luddites!': Comments of the week

07/04/19

Readers react to Congress vetting Facebook's Libra, heavily debate whether to delay CECL, opine attempts to roll back overdraft laws and more.

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Dear Congress: Don’t toss CECL out, work with FASB to amend it

07/02/19

With some adjustments, the loan-loss accounting standard can be more secure and workable for banks.

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