Presentation
Presented at the Credit Union National Association, Ohio Credit Union League
Presentation
Presented at the Credit Union National Association, Ohio Credit Union League
News
FASB proposed an Accounting Standards Update that would grant private companies, not-for-profit organizations, and certain small public companies additional time to implement FASB standards on current expected credit losses (CECL), leases, and hedging.
August 15, 2019
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Regulatory News
News
FASB is proposing taxonomy improvements for the proposed Accounting Standards Update on clarifying the interactions among topic 321 on investments in equity securities), topic 323 on investments under equity method and joint ventures), and topic 815 on derivatives and hedging.
August 15, 2019
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Regulatory News
News
OCC released an update to the Bank Accounting Advisory Series (BAAS), which reflects accounting standards issued by FASB, through March 31, 2019, on topics such as hedging and credit losses.
August 15, 2019
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Regulatory News
Presentation
Presented at the Credit Union National Association, Ohio Credit Union League
Article
The industry is currently a hive of CECL-related activity. Many banks are busily testing their systems or finalizing their preparations for the go-live date, which is either in January 2020 or somewhat later, depending on the organization. Some are still making plans for implementation, and the rest are worried that they should be.
News
FED published a working paper that examines the accounting and economic impact of the Current Expected Credit Loss (CECL) standard.
August 09, 2019
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Regulatory News
Article
With many of the larger SEC filers well ahead in their CECL preparations and gearing up for validation, we examine how the requirements of an R&S forecast and reversion may be interpreted.
News
FED invites comment on a proposal to extend for three years, with revision, the Capital Assessments and Stress Testing Reports (FR Y-14A/Q/M; OMB No. 7100-0341).
July 31, 2019
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Regulatory News
News
EBA published the IFRS 9 roadmap, which provides a comprehensive overview of the planned monitoring activities on IFRS 9 implementation.
July 23, 2019
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Regulatory News
The two years of transition to the Financial Accounting Standards Board rule called Current Expected Credit Losses — or CECL, for short — may extend to five years for smaller banks and credit unions.
Presentation
The new CECL accounting standard requires institutions to incorporate forward-looking information in their estimate of expected lifetime losses.
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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Regulatory News
News
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
The new CECL accounting standard requires institutions to incorporate forward-looking information in their estimate of expected lifetime losses.
Presentation
Presented at the National Credit Union Management Association Conference, July 2019. Agenda: 1. Regional Economic Performance at a Glance 2. Near Term Risks 3. What to Expect from CECL?
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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Regulatory News
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.
News
FASB published a summary of the Investor Advisory Committee meeting, which was held on May 14, 2019.
May 14, 2019
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Regulatory News
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
