FASB to Review Credit Loss Standard Alternative for Regional Banks
March 4, 2019
In response to requests for a different method for calculating loan losses under Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, the Financial Accounting Standards Board (“FASB”) plans to determine whether to undertake a limited-scope standard-setting project for regional banks. At the board’s April 3 meeting, FASB staff will present its research on the proposed alternative approach. Board members will take up the issue, reject the alternative, or conduct more research.