In a new report, Keefe, Bruyette & Woods analyst Brian Kleinhanzl takes a look at the potential impact of the coming current expected credit loss standard (CECL). Kleinhanzl believes that the Financial Accounting Standards Board (FASB) will soon issue the new standard, and it could have a meaningful impact on the financial industry.
What To Expect
Kleinhanzl expects that the new standard will require reserved for expected credit losses, such as loans and held-to-maturity securities. While this might be a difficult initial adjustment for several financials, Kleinhanzl believes it will ultimately be a net positive for the industry.
Impact
Kleinhanzl predicts…
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