How to Approach a Volatile Economy and Procyclicality During CECL
Content Type: Regulations
Amidst concern over an economic slowdown, financial professionals have questioned how a recession could affect an institution’s reserves. Hal Schroeder, a Financial Accounting Standards Board (FASB) board member, led a presentation, “Roadmap to the Future: Fact vs. Fiction (on CECL and Other FASB Standards),” at the 2019 ThinkBIG conference and addressed many CECL questions.