Current Expected Credit Losses (CECL) is designed to reduce volatility for banks and deliver predictable and consistent returns for investors. With the variation of adoption dates, some as early as …
Tag: Current Expected Credit Losses
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-cmf-newslinks.png)
Federal Agencies Issue Final Rule to Mitigate CECL Effects
Three federal agencies on Friday announced actions to allow banking organizations to continue lending to households and businesses: providing an optional extension of the regulatory capital transition for the new credit loss accounting standard; and allowing early adoption of a new methodology on how certain banking organizations are required to measure counterparty credit risk derivatives contracts.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-cmf-newslinks.png)
FDIC Chair Calls for FASB to Delay CECL Rule Amid Pandemic
Federal Deposit Insurance Corp. Chair Jelena McWilliams, in a Mar. 19 letter to the Financial Accounting Standards Board, urged FASB to delay or postpone implementation of its current expected credit losses accounting rules.