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FASB Issues Q&A on Estimation of Expected Credit Losses by Firms

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 WebPage Regulatory News
News

FASB to Propose to Delay CECL Compliance Deadline for Certain Entities

FASB published a summary of the tentative decisions taken at its Board meeting in July 2019.

July 17, 2019 WebPage Regulatory News
Webinar-on-Demand

Moody's Analytics Webinar: CECL – Using a Reasonable and Supportable Forecast

The new CECL accounting standard requires institutions to incorporate forward-looking information in their estimate of expected lifetime losses.

News

FASB Publishes Summary of Private Company Council Meeting in June 2019

FASB published a summary of the June meeting of the Private Company Council.

July 01, 2019 WebPage Regulatory News
Article

CECL, IFRS 9 and the Demand for Forecast Stability

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.

June 2019 WebPage Dr. Tony Hughes
Presentation

Industry Data and Calibration Options - CUNA 2019 Current Expected Credit Loss (CECL) eSchool

Industry data can be leveraged for CECL when lender-specific data is not complete.

June 2019 Pdf Dr. Sohini Chowdhury
Article

Leveraging Historical Loss Data for CECL

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.

June 2019 WebPage Laurent Birade, Dr. Yashan Wang, Warren Xu
Webinar-on-Demand

ICBA & Moody's Analytics Webinar: CECL Is Approaching Fast. Is Your Bank Ready for the New Accounting Standard?

Join CECL experts Robby Holditch and Christian Henkel as they share CECL implementation guidance and best practices.

June 2019 WebPage Christian Henkel, Robby Holditch
Article

Defining Economic Scenarios With Constant Severities

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

Moody's Analytics Webinar: CECL – Lending in Current Conditions

Join CECL experts Robby Holditch and Christian Henkel as they share practical examples and useful strategies applicable to your CECL implementation plan.

May 2019 WebPage Christian Henkel, Robby Holditch
Presentation

CECL 20/20: A Clear View of the New Credit Loss Requirements

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 Offers Targeted Transition Relief Under Credit Losses Standard

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 WebPage Regulatory News
News

FASB Publishes Summary of Investor Advisory Committee Meeting

FASB published a summary of the Investor Advisory Committee meeting, which was held on May 14, 2019.

May 14, 2019 WebPage Regulatory News
Article

Reporting and CECL: A Seismic Shift for Accountants

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.

May 2019 WebPage Scott Dietz
Article

Podcast: CECL – New Accounting Standard and Its Impact on Community Banks

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 WebPage
Webinar-on-Demand

Beyond Compliance: Extending the Value of Risk Insights

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 WebPage Roshni Patel, Mehna Raissi, Jin Oh
Presentation

A CECL Benchmark Solution from Call Report Data for Banks and Credit Unions

Top-down approach for small institutions, small and/or young portfolios that produces scenario-conditioned lifetime net losses at different evaluation dates.

May 2019 Pdf Dr. Sohini Chowdhury
Presentation

Leveraging Economic Forecasts Through Qualitative Overlays

How to Leverage R&S Economic Forecasts in CECL? In this presentation we demonstrate how to incorporate scenarios effectively.

May 2019 Pdf Dr. Sohini Chowdhury
News

FASB Issues Minor Improvements to Financial Instruments Standards

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 WebPage Regulatory News
News

FDIC Specifies Submission Timeline for FFIEC 031, 041, and 051 Reports

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 WebPage Regulatory News
Whitepaper

Earnings Volatility, Share Price Performance, and Credit Portfolio Management Under CECL and IFRS 9

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.

April 2019 WebPage Dr. Amnon Levy, Xuan Liang, Dr. Pierre Xu
News

FASB Tentative Decisions on Targeted Transition Relief on Topic 326

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 WebPage Regulatory News
News

FASB Publishes Summary of CECL Related Discussions at Its Meeting

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 WebPage Regulatory News
News

US Agencies Publish FAQs on Accounting Standard on Credit Losses

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 WebPage Regulatory News
Webinar-on-Demand

Moody's Analytics Webinar: CECL – Where to Start, How to Succeed

The FASB deadline for the new accounting standard is just around the corner.

April 2019 WebPage Christian Henkel, Robby Holditch
News

FED Revises and Extends Several Reporting Forms Including FR Y-9C

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 WebPage Regulatory News
News

ESMA Publishes Report on Regulatory Activities of Accounting Enforcers

ESMA published its annual report on the enforcement and regulatory activities of accounting enforcers in EU.

March 27, 2019 WebPage Regulatory News
Article

A Framework for Disclosing Period-over-Period CECL-Estimate Changes

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.

March 2019 WebPage Laurent Birade
News

FINMA Consults on Ordinance and Circular on Accounting for Banks

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 WebPage Regulatory News
Webinar-on-Demand

Moody's Analytics Webinar: Validating Models Effectively

Listen as Anamaria Pieschacon and Michael Brisson a discuss effective approaches for validating consumer credit risk models.

February 2019 WebPage Anamaria Pieschacon, Michael Brisson
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