Jun 30, 2017
The auditors are sharpening their pencils—and now's the time for banks to prepare for the Current Expected Credit Loss (CECL) standard. Tom Caragher of Fiserv walks us through everything banks need to know about CECL including which records to pulland...
Apr 17, 2017
In articles one and two of this three-part BAI Banking Strategies series, we outlined CECL, the Current Expected Credit Loss standard issued by the Financial Accounting Standards Board. Those pieces discussed a savvy approach to gather […]
Mar 22, 2017
In June 2016, the Financial Accounting Standards Board (FASB) issued a new standard for the timely reporting of report credit losses on loans and other financial instruments—and in the process, created one of the most significant changes in recent years...
Jan 31, 2017
Last June, the Financial Accounting Standards Board (FASB) issued the final current expected credit loss (CECL) standard as a prevention technique to avoid a future financial crisis. And if CECL is new to you, you’re not […]
Jul 18, 2016
With the recent Financial Accounting Standards Board vote to proceed and the final Accounting Standards Update now published, the Current Expected Credit Loss (CECL) standards remain top of mind for the C-suite in financial institutions. Even […]