Reminder: CECL Webinar Tomorrow!
by CUAD Communications
4/10/2019

Amy Kleinschmit would like you to be aware that registration is still open for an “Ask the Regulators” webinar on coming changes to the Current Expected Credit Losses (CECL) accounting standard. 

The April 11 webinar, scheduled to begin at 2 p.m. E.T, will cover the significant differences financial institutions should expect in their accounting procedures following the CECL changes, scheduled for 2022. Participants will use the registration link to log into the webinar.

The webinar will focus on how CECL changes will affect smaller institutions and will include a detailed discussion of the weighted average remaining maturity method for estimating the allowance for credit losses. There will be a question-and-answer session, and participants may submit questions in advance at rapid@stls.frb.org.

The webinar, hosted by the Federal Reserve Bank of St. Louis, will be presented by staff from the NCUA, the Financial Accounting Standards Board, the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, and the Conference of State Bank Supervisors.

The NCUA will post updated frequently asked questions about the anticipated CECL changes in the near future. The webinar will be archived approximately three weeks following the live event. The archive will require a separate registration.


NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.

 

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