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FASB issues final CECL standard; ABA, ICBA responds
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Banking, Corporate Governance, Financial Stability, Nonbank Financial
Friday, June 17, 2016
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The Financial Accounting Standards Board has issued its final accounting standards update on its Current Expected Credit Loss (CECL) standard, which was first proposed in 2012. According to the American Bankers Association (ABA), bank regulators have described CECL as the “biggest change to bank accounting ever.”
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