FASB Announces Upcoming Credit Losses Roundtable

The FASB announces a public credit losses roundtable to be held on January 28, 2019. Roundtable participants will include representatives of banks of various sizes, regulators, and other stakeholders. Agenda topics will include the FASB staff’s research on credit losses agenda requests, including a proposal submitted by a group of banks to consider an alternative to the income statement impact of the current expected credit losses model. The FASB’s consideration of charge-offs and recoveries as a component of the vintage disclosures and other transition issues will also be discussed. For more information, see the FASB’s press release and meeting handout.