CECL

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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Accounting standards shouldn’t be left to the accountants

01/04/19

The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.

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Will industry get what it wants on CECL?

12/20/18

Detractors are suddenly hopeful that the controversial accounting standard could be delayed or altered after FSOC's longer-than-expected closed session on the issue.

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'Jump right in, the shark infested water is just fine': Comments of the week

12/13/18

Readers sound off on fintechs entering the student loan market, the FDIC’s brokered deposit rules and a heated debate over the new CFPB leader.

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Piling on: Democratic lawmakers join chorus of CECL critics

12/12/18

Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.

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CECL will strengthen, not hinder, financial system

11/30/18

Banks have criticized the new accounting standard, but it would likely soften future bubbles and reduce subsequent credit crunches by requiring that reserves be held upfront when loans are made.

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'Can anyone say recipe for disaster?': Comments of the week

11/29/18

Readers weigh in on consumers taking on more debt, President Trump's criticism of the Federal Reserve and Zions CEO Harris Simmons as Banker of the Year.

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As CECL anxiety mounts, FASB is in no rush to consider alternative

11/21/18

Bank groups are pushing a variety of proposals to delay the loan-loss rule or soften its impact. The accounting standards board has agreed to review at least one of them — but at a pace that might not be fast enough for lenders.

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Updated GSE plan, CECL change, Wells layoffs: Top stories of the week

11/16/18

Moelis submits a revised Fannie/Freddie blueprint; FASB considering a plan to have banks break out charge-offs and recoveries on year-by-year basis; Wells Fargo layoffs begin with 1,000 jobs in mortgage and tech; and more from this week's most-read stories.

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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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