News
FASB issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to the Accounting Standards Update No. 2016-13 titled “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.”
July 17, 2019
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FASB published a summary of the tentative decisions taken at its Board meeting in July 2019.
July 17, 2019
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Regulatory News
Webinar-on-Demand
The new CECL accounting standard requires institutions to incorporate forward-looking information in their estimate of expected lifetime losses.
News
FASB published a summary of the June meeting of the Private Company Council.
July 01, 2019
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Regulatory News
Article
Loan-loss provisioning models must take a variety of economic and client factors into account, but, with the right approach, banks can develop sensible loss forecasts that are more accurate and less susceptible to volatility.
Presentation
Industry data can be leveraged for CECL when lender-specific data is not complete.
Article
This paper explores the CECL standard's background, the choices community banks, regional banks, and credit unions face, and some suggested approaches for dealing with these challenges.
Webinar-on-Demand
Join CECL experts Robby Holditch and Christian Henkel as they share CECL implementation guidance and best practices.
Article
Alternative economic scenarios are invaluable for quantifying and managing forecast risk. In this article, we define these constant severity scenarios and the models used to estimate their probabilities.
Webinar-on-Demand
Join CECL experts Robby Holditch and Christian Henkel as they share practical examples and useful strategies applicable to your CECL implementation plan.
Presentation
Starting in 2020, the Current Expected Credit Loss (CECL) accounting standard will require financial institutions to reserve for estimated lifetime losses on loans and leases as soon as they are originated. This presentation will provide analytical insight and practical recommendations to help lenders strategize and effectively prepare for the new rule.
News
FASB issued an Accounting Standards Update 2019-05 (on Topic 326) that eases transition to the credit losses standard by providing the option to measure certain types of assets at fair value.
May 15, 2019
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FASB published a summary of the Investor Advisory Committee meeting, which was held on May 14, 2019.
May 14, 2019
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Article
From an accounting standpoint, the changes in how to account for credit-loss reserves within the banking, insurance, and lending industries stemming from the Financial Accounting Standards Board's (FASB) current expected credit losses (CECL) guidance are significant.
Article
Moody's Analytics Director Robby Holditch recently visited the Barret School of Banking to discuss the upcoming current expected credit loss (CECL) accounting standard and its ramifications for the community banking space.
May 2019
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Webinar-on-Demand
The risk function has emerged as an important strategic decision-making partner for critical functions such as business development, finance, operations, and technology.
May 2019
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Roshni Patel, Mehna Raissi, Jin Oh
Presentation
Top-down approach for small institutions, small and/or young portfolios that produces scenario-conditioned lifetime net losses at different evaluation dates.
Presentation
How to Leverage R&S Economic Forecasts in CECL? In this presentation we demonstrate how to incorporate scenarios effectively.
News
FASB issued an Accounting Standards Update (ASU No. 2019-04) that clarifies and improves areas of guidance related to the recently issued standards on credit losses (Topic 326), derivatives and hedging (Topic 815), and recognition and measurement of financial instruments (Topic 825).
April 25, 2019
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FDIC published the financial institution letters (FIL-21-2019 and FIL-22-2019) that offer guidance on submission of Call Reports FFIEC 051, FFIEC 041, and FFIEC 031 for the first quarter of 2019.
April 19, 2019
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Whitepaper
This paper studies how earnings volatility induced by credit risk can impact share price performance for financial institutions under CECL and IFRS 9, and quantifies the benefit of an active credit risk management practice.
News
FASB published a summary of the Board's tentative decisions at the April 10, 2019 meeting, including decisions related to the Targeted Transition Relief under the credit losses standard.
April 10, 2019
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FASB met in the first week of April to discuss issues related to the current expected credit loss (CECL) standard and took two key decisions.
April 05, 2019
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US Agencies (FED, FDIC, NCUA, and OCC) issued frequently asked questions (FAQs) on the new accounting standard for credit losses, in an effort to assist institutions and examiners.
April 03, 2019
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Regulatory News
Webinar-on-Demand
The FASB deadline for the new accounting standard is just around the corner.
News
FED adopted the proposal to extend for three years, with revision, the FR Y-9, FR Y-7N, FR Y-11, and FR 2314 family of reports, in addition to the forms FR 2886b, FR Y-8, FR 2248, FR 2320, FR 2644, and FR 2886b.
March 28, 2019
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ESMA published its annual report on the enforcement and regulatory activities of accounting enforcers in EU.
March 27, 2019
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Article
While many institutions are currently in the throes of implementing the current expected credit loss (CECL) accounting standard, some are thinking ahead and some that are not. CECL will have an unavoidable impact on management disclosures, specifically around explaining period-over-period changes in allowance.
News
FINMA is consulting on the new FINMA Accounting Ordinance and the new Circular 20/xx titled “Accounting – banks," which sets out the current position of FINMA on certain accounting issues.
March 18, 2019
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Regulatory News
Webinar-on-Demand
Listen as Anamaria Pieschacon and Michael Brisson a discuss effective approaches for validating consumer credit risk models.
