CECL Deferred for Banks Due to the Impact of the COVID-19 Pandemic
CECL is on the verge of being deferred. Late yesterday, the Senate passed its $2.2 trillion stimulus package. The final bill indicates that no insured depository institution, bank holding company, or any affiliate thereof shall be required to comply with the Current Expected Credit Loss (CECL) standard during the national emergency, until as long as […]
