Regulatory Sources

FASB: The Financial Accounting Standards Board(FASB) is an independent organization that prescribes financial accounting and reporting standards for public and private companies that follow Generally Accepted Accounting Principles (GAAP). It is recognized by the SEC.
  1. FASB: Financial Instruments-Credit Losses
  3. FASB: CECL for small scale Community Banks
  4. FASB: WARM method for CECL
BIS: Bank of International Settlements. The aim of this body is to serve the central banks for monetary and financial stability and foster international cooperation. Fostering discussion and facilitating collaboration among central banks. Supporting dialogue with authorities that promote financial stability. Carry out research on policy analysis. Be a counterparty for central banks in their financial transactions. Serve as an agent or trustee in connection with international financial operations.
  1. BIS
  2. BIS

Third Party Sources