Rep. Hill Issues Statement on Delaying of Current Expected Credit Losses Accounting Regulation
October 17, 2019
October 17, 2019
WASHINGTON, Oct. 17 -- Rep. French Hill, R-Arkansas, ranking member of the House Financial Services subcommittee on National Security, International Development and Monetary Policy, issued the following statement in support of the Financial Accounting Standards Board's decision to delay implementation of its Current Expected Credit Losses accounting standard until 2023 for most financial institutions:
CECL replaces the existing incurred-loss methodology for certain financial assets. . . .
CECL replaces the existing incurred-loss methodology for certain financial assets. . . .