Banking and Finance Conference

Climate Week Briefing 2019

Moody's Analytics Commercial & Ag Lending Conference 2019

Moody's Analytics Webinar: New Accounting Standards - Impact and Implementation for Insurers

Join our Moody's Analytics experts as they focus on the implementation challenges of the new accounting standards – CECL, IFRS 9, IFRS 17 and LDTI.

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Auditing the CECL Estimate

In this short video, FASB former chairman Leslie Seidman discusses some of the challenges when auditing estimates under CECL.

Fireside Chat with Former FASB Chair Leslie Seidman

In this video, FASB former chairman Leslie Seidman discusses how CECL came to be, the joint effort pursued with regulators at the onset of the new standard setting process, draws parallels between CECL and other similar standards, and what can be learned.

CECL and Procyclicality

In this short video, FASB former chairman Leslie Seidman addresses CECL procyclicality and the different considerations required when making an estimate.

CECL Methodologies: Loss Rate Model and Cohort Analysis

Presented at the Credit Union National Association, Ohio Credit Union League

CECL Methodologies: Discounted Cash Flow Approach

Presented at the Credit Union National Association, Ohio Credit Union League

CECL: Determining Correct Segments for Loss Pooling

Presented at the Credit Union National Association, Ohio Credit Union League

FASB Proposes to Extend CECL Standard Deadline for Certain Entities

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.

FED Updates Draft Instructions for Proposed FR Y-14 Reporting Forms

FED updated draft instructions for the monthly, quarterly, and annual capital assessments and stress testing reports, also known as forms FR Y-14M, FR Y-14Q, FR Y-14A, respectively.

FASB Proposes Taxonomy Changes Related to Topics 326, 815, and 842

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.

OCC Updates Bank Accounting Advisory Series in August 2019

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.

SEC Adopts Amendments to Codify Exemption to Credit Rating Agency Rule

SEC adopted amendments that codify an existing exemption for credit rating agencies registered with SEC as nationally recognized statistical rating organizations (NRSROs).

OSFI Sets Out Plans for Implementation of Insurance Contracts Standard

OSFI published a letter that provides an update on the milestones completed and the activities underway with respect to the implementation of the insurance contracts standard International Financial Reporting Standard (IFRS) 17.

FED Revises Reporting Requirements Associated with Volcker Rule

FED is adopting a proposal to extend for three years, with revision, the reporting requirements associated with Regulation Y (FR Y-1; OMB No. 7100-0333).

FED Extends and Revises Information Collection Under Market Risk Rule

FED extends for three years, with revision, the market risk capital rule (FR 4201; OMB No. 7100-0314).

Household Credit Conditions Never Better

More than a decade after the financial crisis that was caused in significant part by debt-burdened households, there is no indication that household debt will be at the center of the next economic recession.

Will CECL Ultimately Be Worth All the Fuss?

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.

Reasonable and Supportable Forecasts - From Principles to Practice

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.

NCUA Launches Digital Tool to Help with Chartering Process

NCUA launched a new digital tool to help credit unions with the chartering process.

The Ebb and Flow of Free Trade

We demonstrate how the pattern of trade and the rules that have governed trade have changed dramatically over the past two years from a system that was set up shortly after World War II and that more or less thrived until the current trade war.

US Agencies Correct Errors in Regulation on Amendments to Volcker Rule

US Agencies (CFTC, FDIC, FED, and SEC) published a notice in the Federal Register to correct errors in the "amendatory instructions" to the final rule excluding community banks from Section 13 of the Bank Holding Company Act (Volcker Rule).

Living in the Tail Risk: US/China Trade War

The US-China trade war has gone down a darker path. The trade war has escalated beyond expectations and the stakes are high for the global economy.

FASB Proposes to Improve Guidance for Certain Financial Instruments

FASB proposed an Accounting Standards Update (ASU) with the intention to improve guidance for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in own equity of an entity.

FED Proposes to Revise and Extend FR Y-14 Reporting Forms for Banks

FED issued 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).

FED Proposes to Incorporate CECL Methodology Revisions into FR Y-14

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).

OCC Streamlines and Consolidates Its Bank Supervision Functions

OCC reorganized its operations and realigned nearly 150 staff members to form two new units namely, "Supervision System and Analytical Support" and "Systemic Risk Identification Support and Specialty Supervision."