Removing Barriers Blog

FASB to Hold CECL Roundtable
Posted December 19, 2018 by CUNA Advocacy

During today’s FASB meeting, Board Chairman Russ Golden announced that FASB will host a public roundtable discussion on implementation issues related to the credit losses standard. FASB expects the roundtable to take place in January and include several discussion topics, such as FASB staff’s research on credit losses agenda requests, including a proposal to consider an alternative to the income statement impact of CECL.

Also during today’s meeting, FASB staff announced its work on a CECL implementation Q&A document that will be published in January. The document will include discussion of the use of WARM (weighted average remaining maturity) as part of a CECL calculation.

CUNA will be following both of these developments closely and will keep you updated via CUNA news and this blog.