Tag Archive: "FASB"
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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 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, […]