When bank and securities regulators announced a plan in March to promote a "clearer understanding" of loan-loss reserves, bankers were encouraged. An end to months of contradictory signals seemed to be in sight.

But the cooperative spirit among regulators was short-lived. If anything, the rules on loan-loss allowances have grown murkier.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.