07/22/2015

Fine: Accounting Standards Newest Cookie-Cutter Regulations

The Financial Accounting Standards Board’s radical change to financial accounting—due out as soon as this year—threatens to deal yet another blow to locally based banking, ICBA President and CEO Cam Fine wrote in a new blog post.

The FASB’s “expected loss” model, which would require complex modeling and compel banks to recognize losses much earlier in the credit-loss cycle, will mean fewer community bank loans and even greater regulatory scrutiny, Fine wrote on Finer Points. Read the Blog Post.