News & Analysis as of

FASB Financial Institutions

Alston & Bird

Agencies Update Their Interagency Statement on Reporting Loan Modifications

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Our Financial Services & Products Group discusses how federal agencies are clarifying how the Coronavirus Aid, Relief, and Economic Security (CARES) Act interacts with their previous statement on loan modifications and...more

Alston & Bird

Regulators Further Clarify Guidance Regarding Loan Modifications and Reporting

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Our Financial Services & Products Group examines how federal regulators – speaking with a single voice – will view loan modifications during the coronavirus pandemic....more

Kramer Levin Naftalis & Frankel LLP

COVID-19 Update: Bank Regulators, Including the FDIC, Urge Financial Institutions To Collaborate With Pandemic-Affected Customers,...

On March 22, federal banking regulators, including the board of governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration, the Office of the...more

Manatt, Phelps & Phillips, LLP

Federal Regulators Propose FASB Guidance

The Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board of Governors, Office of the Comptroller (OCC) and National Credit Union Administration (NCUA) have released a proposed Interagency Policy Statement on...more

Goodwin

Financial Services Weekly News: Fed Finalizes Tailoring Framework for Large Firms

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In This Issue. The Board of Governors of the Federal Reserve System (Federal Reserve Board) approved its long-awaited framework for tailoring enhanced prudential standards for firms with $100 billion or more in assets; the...more

Dechert LLP

SEC Staff Issues Statement on LIBOR Transition; Practical Considerations for Investment Companies, Investment Advisers and Other...

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The staffs of the Securities and Exchange Commission’s Division of Corporation Finance, Division of Investment Management (IM Division), Division of Trading and Markets, and Office of Chief Accountant (collectively, Staff) on...more

Manatt, Phelps & Phillips, LLP

FASB Proposes CECL Delay for Smaller Banks

Deciding that the benefit to smaller banks and other smaller financial institutions outweighs the lessening of transparency, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update to...more

BakerHostetler

Banks, Lawmakers Call on FASB to Pause New Accounting Rules

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In the wake of bipartisan criticism from Congress over sweeping new accounting rules for the banking industry, the Financial Accounting Standards Board (FASB) is hosting a roundtable discussion today on its controversial...more

Goodwin

Financial Services Weekly News - February 2018 #3

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Editor's Note - Consumer Finance 2017 Year in Review. Year 2017 brought leadership change at the Consumer Financial Protection Bureau (CFPB), turnover at various regulatory agencies, the continued rise of state-level...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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A series of cyberattacks featuring ransomware rocked the world this weekend, and the aftershocks “could linger” for a while....more

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