Agencies issue joint statement on new accounting standard on financial instruments-credit losses

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Agencies issue joint statement on new accounting standard on financial instruments-credit losses

Postby kreslik.news » Thu Jun 16, 2016 3:00 pm


Board of Governors of the Federal Reserve System

Federal Deposit Insurance Corporation

National Credit Union Administration

Office of the Comptroller of the Currency

For release at 11:00 a.m. EDT
June 17, 2016
Agencies Issue Joint Statement on New Accounting Standard on Financial Instruments Credit Losses
The four federal financial institution regulatory agencies today issued a joint statement regarding the new accounting standard, Accounting Standards Update (ASU) No. 2016-13, Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, issued by the Financial Accounting Standards Board. The joint statement also provides initial ... (read more)

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