CECL

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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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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Something’s missing from the debate over CECL

09/04/18

Many community banks lack the historical loss data they need to adopt the new accounting standard, which raises questions about the model’s efficacy for these institutions.

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CECL may not be the bogeyman banks fear

08/09/18

While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.

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Bankers lobby for 11th-hour changes to CECL standard

07/27/18

The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.

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Why Fannie and Freddie may need more Treasury bailout cash

07/12/18

Fannie Mae and Freddie Mac may need to tap into U.S. Treasury funds when they adopt CECL, a new accounting rule that makes companies set aside money upfront for expected loan losses.

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