The new CECL accounting standard requires institutions to incorporate forward-looking information in their estimate of expected lifetime losses.
Join CECL experts Robby Holditch and Christian Henkel as they share CECL implementation guidance and best practices.
Join CECL experts Robby Holditch and Christian Henkel as they share practical examples and useful strategies applicable to your CECL implementation plan.
The FASB deadline for the new accounting standard is just around the corner.
This whitepaper focuses on the main challenges for SCCL compliance, and offers a hypothetical SCCL solution, while discussing strategic and tactical considerations.
The Federal Reserve finalized, in June 2018, the rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability, known as Single Counterparty Credit Limit (SCCL).
Olivier Brucker, Anders Rodenberg, Moun Seo
Reserving for loan loss is one of the most important accounting aspects for banks. Its objective is to cover estimated losses on impaired financial instruments due to defaults and non-payment. Reserve measurement affects both the balance sheet and income statement. It impacts earnings, capital, dividends and bonuses, and attracts the attention of bank stakeholders ranging from the board of directors and regulators to equity investors. In response to the so-called “too-little, too-late” problem experienced with loan loss reserve during the Great Financial Crisis, accounting standard setters now require that banks provision against loan loss based on expected credit losses (ECL). Arguably, calculating the Expected Credit Loss Model under IFRS 9 and CECL presents a momentous accounting change for banks, with the new standards coming into effect sometime between 2018 and 2021, depending on the jurisdiction.
This whitepaper covers the challenges and best practices for leaner and more efficient regulatory reporting.
In this webinar, view the observations that were put forward in a recent conversation with Andrew Bockelman, general manager of banking RegTech at Moody's Analytics.
Join Moody's Analytics for an informative webinar discussing FASB's new Current Expected Credit Loss (CECL) standard and what you can be doing now to prepare.
This whitepaper covers the challenges and best practices for closer alignment of liquidity risk management and regulatory reporting.
This article discusses areas such as capital stress testing where simplification of regulations could improve the flow of credit while protecting the financial system.