Fed could soften CECL impact on stress tests, banks say
Risk USA: Firms may be allowed to spread impact of projected losses across CCAR cycle
With the clock ticking towards implementation of the US’s new Current Expected Credit Loss (CECL) accounting standard, banks are increasingly hopeful regulators will give ground on a conflict between the regime and the Federal Reserve’s annual stress testing programme.
CECL requires banks to set aside provisions to cover potential losses on all loans using a bank’s own macroeconomic forecasts and
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