Current Expected Credit Losses (CECL) Resource CenterCECL
The CECL Resource Center is a one-stop resource for smaller financial institutions as they prepare for the changes associated with the Current Expected Credit Losses (CECL) method. The implementation of the Financial Accounting Standards Board's (FASB) release of Accounting Standards Update (ASU) 2016-13, Financial Instruments—Credit Losses (Topic 326), will impact the way financial institutions estimate and provide for credit losses. To assist with these changes, the CECL Resource Center provides quick and easy access to the latest CECL news and developments, as well as supervisory guidance and links to "Ask the Regulators" webinars.
The CECL Resource center also features the ELE and SCALE spreadsheet-based tools. These tools were developed by the Federal Reserve to assist smaller community banks in calculating their CECL compliant allowances for credit losses (ACLs) using proxy expected lifetime loss rates.
- FASB Expands Disclosures and Improves Accounting Related to the Credit Losses Standard March 31, 2022
- FASB Proposes Expanded Disclosures and Improved Accounting Related To The Credit Losses Standard November 23, 2021
- Federal Reserve Board of Governors COVID-19 Supervisory and Regulatory FAQS February 16, 2021
- Agencies Issue Final Rule for Transitions of CECL Allowances August 26, 2020
- Financial institutions using CARES Act deferrals won’t violate GAAP, SEC says April 3, 2020
- Agencies Issue Interim Rule for Transitions of CECL Impact March 30, 2020
- FDIC Chairman Urges FASB to Delay Certain Accounting Rules Amid Pandemic March 19, 2020
- Senate Clears 2020 Spending Bills; Orders CECL Review December 19, 2019
- FASB Issues Narrow-Scope Improvements to Credit Losses Standard November 26, 2019
- FASB Announces Upcoming CECL Implementation Workshops October 23, 2019
- Agencies Seek Comment on Allowances for Credit Losses and Credit Risk Review Systems October 17, 2019
- FASB Unanimously Affirms Decision to Delay CECL Effective Dates October 16, 2019
- FASB Seeks Public Comment on Proposal to Delay Effective Dates for Private and Certain Public Companies and Organizations August 15, 2019
- FASB Staff Issues Q&A to Help Organizations Estimate Expected Credit Losses on Financial Assets July 17, 2019
- FASB Proposes Targeted Transition Relief to Institutions Applying the Credit Losses Standard February 18, 2019
- Interagency Policy Statement on Allowances for Credit Losses May 8, 2020
- Frequently Asked Questions on the Current Expected Credit Losses Methodology (CECL)
- Interagency Guidance on the New Accounting Standard on Financial Instruments – Credit Losses
- Joint Statement on Interaction of the Regulatory Capital Rule: Revised Transition of the CECL Methodology for Allowances with CARES Act
- Ask the Fed: CECL Expected Loss Estimator (ELE) Tool June 16, 2022
- Ask the Fed CECL Scaled CECL Allowance for Losses Estimator SCALE Method July 15, 2021
- New Transition Provisions to Delay the Impact of CECL on Regulatory Capital
- Ask the Regulators: Applying Model Risk Management to CECL Models at Large Banks September 3, 2019
- Ask the Regulators: Weighted-Average Remaining Maturity (WARM) Method April 2019
- Ask the Regulators: Practical Methods Smaller, Less Complex Community Banks Can Use as a Starting Point for CECL March 2018
- New Accounting Framework Faces Its First Test: CECL During the Pandemic December 3, 2021
- US Department of the Treasury- The CECL Accounting Standard and Financial Institution Regulatory Capital Study September 15, 2020
- Banking: Current Expected Credit Loss (CECL) Congressional Research Service, October 2018
- Benefits and Challenges of the "CECL" Approach Federal Reserve Bank of Boston, March 2019
- CECL and the Credit Cycle Board of Governors of the Federal Reserve System, June 1, 2019
- The Impact of the Current Expected Credit Loss Standard (CECL) on the Timing and Comparability of Reserves Federal Reserve Board of Governors, March 2018
- Gauging CECL Cyclicality Moody’s Analytics, March 2018