The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update that would change recognition and measurement of credit losses for financial and regulatory reporting purposes. The FASB’s comment period closes May 31, 2013. The FDIC will host a free 90-minute teleconference at 12:00 p.m., May 16, to discuss the proposal.
Bankers interested in participating in the FDIC call should dial 888-769-8576 and enter passcode 9436220#. Please join the presentation 30 minutes before the 12:00 p.m. start time. PowerPoint slides are an integral part of the teleconference presentation. Participants are encouraged to have a copy of the slides with them during the presentation. A PDF version of the slide presentation is available at Telecon 5-16 – FI – Credit Losses – PDF