trending Market Intelligence /marketintelligence/en/news-insights/trending/WzZwHslF1N79WjMBP2ktKg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

FASB votes to delay CECL adoption for small companies to 2023

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


FASB votes to delay CECL adoption for small companies to 2023

The Financial Accounting Standards Board voted unanimously to delay the adoption of the current expected credit losses standard for small companies.

FASB in August proposed delaying the adoption by two years to January 2023 for private companies, not-for-profit companies and certain small public companies. Smaller reporting companies, as defined by the Securities and Exchange Commission, are also covered under the CECL delay. These companies have a public float of less than $250 million or annual revenues of less than $100 million and either no public float or a public float of less than $700 million.

Companies not covered under the delay still need to comply with the accounting standard, which requires loan-loss reserves to be made at the point of origination instead of when a loss becomes likely, by Jan. 1, 2020.

At its Oct. 16 meeting, the FASB said final guidance on CECL would be released in mid-November.

The American Bankers Association in September wrote a letter to the FASB arguing for "a full and indefinite delay" of the accounting standard for all companies. The bankers' trade group argued CECL would worsen economic downturns by unintentionally increasing procyclicality because it would lower the supply of credit in the economy, which would harm subprime borrowers and consumers who rely on longer-term loans.

The National Association of Federally-Insured Credit Unions also supported the delay and called on the accounting board to help credit unions prepare to adopt the standard.