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Regulators issue policy proposal designed for CECL consistency

first_imgNCUA, along with the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency, issued a request for comment on a proposed interagency policy statement on allowances for credit losses. The proposed policy statement is designed to promote consistency in the interpretation of the Financial Accounting Standards Board’s (FASB) credit losses accounting standard, which introduces the current expected credit loss (CECL) methodology.The proposed statement describes the measurement of expected credit losses using CECL and updates concepts and practices detailed in existing supervisory guidance that remain applicable. FASB agreed this week to defer the effective date of CECL for credit unions and other institutions to 2023, while it is effective for certain public companies in 2020.The agencies also are requesting comment on the proposed interagency guidance on credit risk review systems. The guidance presents principles for establishing a system of independent, ongoing credit risk review in accordance with safety and soundness standards. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Dembele pulls out of Barca training

first_img Loading… read also:Lyon issue fresh Dembele transfer update The 22-year-old has endured a spate of injuries since moving to Camp Nou from Borussia Dortmund in 2017 and has only made nine appearances this term. FacebookTwitterWhatsAppEmail分享 Barcelona forward, Ousmane Dembele pulled out of training on Monday amid fears the Frenchman has suffered a setback in his recovery from a hamstring injury. “During this morning’s training session, Ousmane Dembele felt some discomfort in his right leg as a consequence of muscle fatigue,” Barcelona said in a statement. “He will continue with his rehabilitation.” Dembele has not played for Barca since November 27 but had been expected to return this month.Advertisementcenter_img Promoted Content7 Universities In The World With The Highest Market ValueBelieve It Or Not, Paul Rudd Is Turning 50 This YearNo Good Disney Role Models For Boys?A Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DaySuperhero Castings That People Hated But Were Amazing8 Superfoods For Growing Hair Back And Stimulating Its GrowthPlus-Size Babes Who Will Make Your Heart Race7 Universities Where Getting An Education Costs A Hefty Penny10 Risky Jobs Some Women DoA Hurricane Can Be As Powerful As 10 Atomic BombsThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreCouples Who Celebrated Their Union In A Unique, Unforgettable Waylast_img read more