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1/7/2019 - Bill Lang on Delay of CECL in Federal Reserve Stress Testing

Promontory Managing Director Bill Lang was quoted in a Risk.net article about the Federal Reserve Board’s decision to delay the implementation of the current expected credit loss in its stress testing until 2021.

Lang said that the Federal Reserve understands the “considerable uncertainty around the impacts” of CECL. “They want to go slow and be careful.”

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