As previously reported, proposed FASB Changes for Financial Instruments Related to Credit Losses – otherwise known as the Current Expected Credit Loss (CECL) model initiative – are expected to be released in the first quarter of 2016. As proposed, CECL will require banks to forecast loan losses using “forward-looking information,” replacing the current historical loss and incurred loss models.

Baker Market Update: Nov. 23, 2015

[Friday] morning’s big news out of the Food & Drug Administration heralding the approval of genetically modified salmon may provide some unintended benefits for the nation’s keepers of monetary policy. If genetic scientists can now produce fish that grow bigger and faster than what nature planned, maybe econometric scientists can do the same thing with price levels. Genetically-modified inflation (GMI) may be the new path for the FOMC’s policy-makers.


Subscribe to RSS - General