CECL Resources

What You Need to Know

In 2013, following increased concern from member banks, IBAT filed a comment letter explaining the challenges community banks would face under the original CECL proposal.

On June 16, 2016, FASB released its standard updating the guidance on recognition and measurement of credit losses for financial assets. FASB has recognized the unique challenges faced by community banks in implementing and maintaining a potentially complex new process.

Following are a number of resources from FASB, ICBA and several IBAT associate members, explaining the new standard. As new information becomes available, it will be added to this page. 

FASB - Why Did the FASB Issue a New Standard on Credit Losses?