MAINTAINING VINTAGE LOSS RATE METHODOLOGY
CECL IMPLEMENTATION AND EARLY ADOPTERS The Financial Accounting Standards Board (FASB), in June 2016, issued the Accounting Standards Update (ASU) No. 2016-13, which introduced the Current Expected Credit Loss (CECL) model. The update moves the accounting for credit losses on various financial instruments to the Expected Credit Loss (ECL) model from the existing incurred loss […]
