Tag Archive: "CECL"
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CLA Joins BankTrends to Host CECL Webinar
David Heneke and Joshua Juergensen from CLA will join Michael Stinson from BankTrends in a webinar on Thursday, February 6th at 2pm CST to discuss practical guidance on the implementation of the WARM methodology for CECL This complimentary webinar will provide the latest insights on how financial institutions are successfully preparing for the new standard. […]
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FASB Decision on CECL Delay
On October 16, 2019, the FASB held a board meeting to discuss the comment letters surrounding the proposed extension to the adoption date of CECL. The board unanimously voted to adopt the language in the exposure draft, which extends the effective date of CECL to 1/1/2023 for many calendar year end entities. The exact wording […]
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FASB Proposes Delays in CECL and Lease Standards
FASB plans to propose delays in the effective dates for two major standards affecting many community bankers, CECL and Leasing. They are also proposing delays in the Derivative and Long-duration insurance contracts standards.
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FASB Hints at a CECL Delay
In a recent American Banker interview FASB Chair Russ Golden defended the new accounting standard but also hinted at a possible delay in the implementation for smaller financial institutions and community banks.
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Regulators Confirm WARM as Acceptable Method Under CECL
As we creep closer to the implementation date of CECL for public filers, there has been a significant amount of commentary related to the Weighted Average Remaining Maturity (WARM) methodology throughout the Banking and Credit Union industries. On April 11th, 2019 an interagency webinar was held by representatives from the FRB, FDIC, OCC, SEC, CSBS, […]
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FASB Approves WARM Methodology for CECL
With the implementation date for CECL getting closer by the day, financial institutions are slowly beginning to get more clarity surrounding acceptable methodologies that can be utilized to comply with the standard. One frequently discussed method, the Weighted Average Remaining Maturity (WARM) methodology, was recently the subject of January 2019 FASB Staff Q&A, which noted, […]
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New Proposal Would Phase in CECL over 3 Years for Regulatory Capital Purposes
A new rule proposed Tuesday would offer banks the option to phase in the initial effect of the upcoming CECL standards on regulatory capital by allowing a three year transition provision.
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Regulatory Agencies Issue FAQs on CECL
An inter-agency statement was jointly issued by the FDIC, OCC, FRB, and NCUA answering many of the frequently asked questions surrounding the new credit loss model, commonly referred to as CECL.