Accounting standards

How Congress can prevent a post-pandemic financial crisis

09/04/20

Two bills — one providing relief from a loan accounting standard and another extending forebearance measures — would collectively contain credit losses.

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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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Calls for CECL delay expose standard's flaws

03/24/20

If the new accounting standard poses too many risks during an economic crisis, then it's probably not a good idea at all.

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Bipartisan scolding of FASB chief raises lender hopes of softer CECL

01/16/20

Lenders grew more optimistic that Congress will undo or narrow the loan-loss accounting standard after members of a House subcommittee assailed Russell Golden for approving the rule without studying its impact on credit availability.

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Investors want new accounting standards, FASB says. Investors disagree.

09/10/19

Hal Schroeder of FASB claims that investors have no confidence in the current loss standard. Several investors at a prominent accounting conference disagree.

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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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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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FASB chair defends CECL: ‘The benefits justify the cost'

06/30/19

Russ Golden, the chairman of the Financial Accounting Standards Board, says implementation of its credit loss rule should go forward, but will issue new supporting documents

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