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Bank regulators back scaling of CECL model for smaller banks

Tammy Whitehouse | January 18, 2017

Bank regulators apparently are getting peppered with questions about how new accounting requirements for credit losses intersect with various rules and requirements for financial institutions, prompting a year-end Q&A to assure both institutions and examiners are on the same page.

The “frequently asked questions” guidance is focused on Accounting Standards Update No. 2016-13, issued by the Financial Accounting Standards Board in mid-2016 to require companies to follow a new, more forward-looking formula for estimating allowances for credit losses. Four agencies, including the Federal Reserve and the Federal Deposit Insurance Corporation, jointly issued the FAQs.

The FAQs...

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