Compliance News

4 Ways to Help Investors Understand the CECL Transition: Disclosure Tips

By Mary Ellen Biery, Sageworks

October 23 — As Securities and Exchange Commission (SEC) filers prepare to meet the deadline to implement the FASB’s current expected credit loss model, or CECL, for fiscal years beginning after Dec. 1, 2019, SEC registrants are weighing what CECL transition disclosures to provide about the new standard and its expected impact. Some investors are already beginning to see early disclosures about the new standard.


Where Do Financial Institutions’ Communications Risks Originate?

October 19 — A survey  of compliance professionals in the financial inudstry by Portland, Ore.-based Smarsh, found that organizations may not be keeping pace with their retention and supervision efforts — particularly with a growing, younger workforce that relies on expanding, mobile-friendly channels, such as social media and text messaging. As a result, evolving technologies and shifting demographics within the workforce, and within firms’ customer bases, are forcing organizations to rethink their approach to the adoption and oversight of electronic communications.


The Highs and Lows of Marijuana Banking

By Alaina Webster, Managing Editor

When I was in high school (some indeterminate number of years ago), the idea of legal marijuana consumption was unthinkable. Fast forward a couple decades, and cannabis legalization is not only being talked about, it’s a reality in several U.S. states. However, it’s still not legal federally, and therein lies the rub for many banks and marijuana-related businesses (MRBs).


Time for a Glass-Steagall Reprise?

Lehman bankruptcy anniversary summons too-big-to-fail memories.

By Bill Poquette, Editor-in-Chief

Sept. 15, 2018, marked the 10th anniversary of the collapse of Lehman Brothers, the fourth-largest and venerated U.S. investment bank that Fortune magazine had labeled a year earlier the No. 1 “most admired securities firm.” A primary cause for the debacle, which was to become a stark symbol of the financial crisis, was imprudent lending amidst the housing bubble.


What Does a Private Equity Acquisition of a Customer Mean for an Existing Bank Creditor?

By John A. Thomson Jr. 

The way that middle market companies are capitalized has changed, likely forever. Middle market companies have traditionally been owned and operated by an entrepreneur or team of businesspeople who built the business, actively managed it and had a significant, if not controlling, stake in the financial success of the business. Now private firms and family offices are increasingly acquiring these companies.


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