In our latest report we take a close look at COVID-19 and its impact on global supply chains. Here’s a brief overview before you download the full report below:
CECL’s January compliance deadline for larger US banks is fast approaching. As everyone expected, the states of readiness vary widely among financial institutions. The CECL team leader at Citi, a charter member of FASB’s Transition Resource Group for Credit Losses, is on record as to how aggressive and committed and successful the bank was in its preparation and how unwelcoming it would be of any further delay or reconfiguration. But other banks continue to besiege their congressmen and the SEC in the vain hope that the cup will pass.