FASB

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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Congress was right to freeze CECL

04/24/20

Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic.

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Bankers hope reg relief doesn’t end when coronavirus does

04/07/20

Measures that delay the Current Expected Credit Losses standard and reduce a community bank capital ratio are temporary, but the industry now sees an opening to argue that they should be permanent.

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CECL down, but not out

03/27/20

Lawmakers and regulators opted to delay compliance for banks that have implemented the credit loss standard, sparing them near-term capital hits.

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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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Banks get break they needed on loan workouts

03/23/20

Regulators' decision to delay reporting for troubled-debt restructurings should allow banks and credit unions to be more nimble modifying loans impaired by the coronavirus outbreak.

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Will more regulators call for delay of CECL?

03/20/20

The FDIC's call for FASB to postpone the loan-loss accounting standard's effective date could put pressure on other agencies to follow suit.

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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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Regulators offer CECL guidance to aid industry's adoption

10/17/19

The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency.

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FASB unanimously approves CECL delay for most lenders

10/16/19

The accounting board delayed implementation for the majority of banks and credit unions until 2023.

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