Sifting Through CECL: Challenges and Implications Beyond Provisioning

The Current Expected Credit Loss (CECL) standard from the Financial Accounting Standards Board (FASB) is considered one of the most challenging accounting change projects in a generation, with significant and widespread impact on banks. Not surprisingly, FASB has been inundated with feedback and pushback since CECL was issued in 2016. In early June, two bills … Read more