FASB Announces Date for Virtual Roundtable on Credit Losses

The FASB has announced that it will hold a roundtable meeting on the current expected credit losses (CECL) standard via webcast on May 20, 2021. Roundtable participants will include representatives of various financial institutions, regulators, and other stakeholders. The meeting will address CECL implementation, purchased financial assets with credit deterioration, and troubled debt restructurings.