CECL

A new accounting standard expected to be implemented this year has companies preparing for uncharted territories. In a response to the financial crisis and the realization that many financial institutions did not have the appropriate amount of cash reserves on their balance sheets to account for...

• Keefe, Bruyette & Woods believes the new current expected credit loss standard (CECL) will be unveiled within the next several months. • The firm sees the new standard as a net positive in the long term for the financial industry. • The terms of the new standard will...