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Regional bank CECL proposal 'unlikely to be adopted,' analyst says

Feb 01, 2019 - SNL Financial

A proposal from several large regional banks to alter reporting under the new loan loss accounting standard known as CECL is "unlikely to be adopted," according to a report from a bank analyst who participated in a key meeting on the topic this week.

Saul Martinez, UBS managing director of equity research, attended a Jan. 28 roundtable meeting hosted by the Financial Accounting Standards Board to discuss the proposal, which would alter how banks record their lifetime allowances under the c...