The Risks of Delaying CECL for Some Banks but Not Others - a podcast by American Bankers Association

ABA accounting experts Michael Gullette and Joshua Stein discuss the potential competitive effects of an extended period where some banks are on the Current Expected Credit Loss standard and others are not; concerns about the lack of readiness among auditors on CECL; the risk of CECL’s reliance on lagging indicators that amplify the standard’s procyclicality; the chances of a CECL delay for all institutions, as ABA has urged; and CECL challenges they heard from community bank CFOs at ABA’s CFO Excha

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