United States
The FDIC recently issued an Interim Final Rule providing temporary relief for Part 363 audit and reporting requirements.
The ABA recently addressed the ASC 860 legal isolation criterion for transfers of participating interests in MSLP loans.
The SEC recently updated the statistical disclosure requirements applicable to bank and savings and loan registrants.
Our white paper discusses pandemic-related financial reporting issues, including a lender’s accounting for PPP loans.
Among other topics, a recent interagency statement addresses the accounting for loan modifications made in response to COVID-19.
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.
Some financing entities entered into various residential mortgage loan purchase programs. Gain accounting insight about these programs.