Monthly Archives: November 2015

FASB’s Nov 11 Meeting on CECL Guidelines: What Next? – A Fintellix / Ardmore Perspective

Last week (on Nov. 11), the Financial Standards Accounting Board (FASB) voted to finalize the effective date of its proposed regulations on measuring loan-loss reserves. The sweeping regulations will require a forward-looking “expected loss” (CECL) approach instead of the “incurred … Continue reading

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CECL Forum: Impact of Prepayments on Life of Loan

The CECL (Current Expected Credit Loss) regime requires banks to consider expected prepayments for determining the Life of Loan. Prepayments are expected to play a critical role in ‘rightsizing’ Allowance for Loan and Lease Losses (ALLL) under the CECL regime. The … Continue reading

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