We are pleased to announce that Peter Cherpack, Ardmore's Executive VP and Senior Director of Credit Technology was recently published in the Risk Management Association's blog.
Mr. Cherpack's article, "New FASB Ruling Creates Hundreds of 'CECL Orphans.' What's a Prudent Banker to Do?" details the recent decision by the Financial Accounting Standards Board to push back the implementation date of the new Current Expected Credit Loss (CECL) standards for smaller community banks from 2020 to 2023, and the impact that the delay has had on banks of all sizes in various stages of the changeover.
To read the article, please click here.