Company: Moody's Analytics
Category: Credit Risk
Published: 17 June 2016
On April 27, 2016, the Financial Accounting Standards Board (FASB) voted to move forward with a new credit impairment model, known as the Current Expected Credit Loss model (CECL), for the recognition and measurement of credit losses for loans and debt securities.
This white paper discusses the new standards that have been set forth by the FASB and explores how banks should align with the new CECL impairment standards.