Wallet

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Accounting & Disclosure

With CECL, FASB Wants Bad Things Recognized Before They Happen

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August 14, 2019

God forbid you should wait for credit losses to actually happen! 

Banks have long bemoaned FASB’s Financial Instruments-Credit Losses standard (Topic 326) for an obvious reason: The standard’s “current expected credit loss” (CECL) guidance impairs assets and requires banks to set aside more capital as a buffer.

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