Accounting standards

CECL is in trouble, but there’s a fix

01/11/19

Problems with the new accounting standard could be solved by modifying how reserves are calculated so that changes are more in line with industry growth.

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What the first change to lease accounting in decades means for banks

12/11/18

The Financial Accounting Standards Board is requiring all companies to record leases for property and equipment on their balance sheets. Here’s how that revision could affect banks’ loan decisions — and their own capital ratios.

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Proposed eleventh-hour change to CECL has bankers scrambling

11/09/18

The Financial Accounting Standards Board is considering a plan to have banks break out charge-offs and recoveries on a year-by-year basis. Bankers fear new systems would be needed to comply.

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Industry group urges delay in new accounting standard for loan losses

10/18/18

The Bank Policy Institute said the Current Expected Credit Loss model is a “sea change” from how banks have traditionally set aside reserves.

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An extra $1.6M in profits this bank wishes it hadn't found

11/29/17

Malvern Bancorp’s restatement of nearly four years of results worked out in its favor, but it had to acknowledge — and explain — the reason: Outside accountants spotted a problem in its financial-reporting controls.

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Can Scott Powell bring stability to Santander’s embattled U.S. auto unit?

08/28/17

Powell downplayed fears about subprime auto lending, saying he aims to improve Santander Consumer's compliance culture, beef up customer services and expand its relationship with Chrysler Capital.

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