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Russell Golden, who just stepped down from the Financial Accounting Standards Board, says he wants to be remembered for encouraging open discourse over new rules and efforts to simplify financial accounting.July 7
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Lawmakers should go further than their recent criticism of the Financial Accounting Standards Board's loan-loss rule and just hand over its duties to the Securities and Exchange Commission.June 12
Consultant
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Credit unions have been encouraged to help members in a prudent and fair manner but that also means properly documenting the decision-making process.June 8
Director of ComplianceACES Risk Management
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Lawmakers delayed the new accounting standard as part of the stimulus package, but they shouldn't let bankers persuade them to eliminate it outright.April 16
Associate ProfessorGeorge Mason University
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Regulators are allowing banks that implemented the loan-loss standard to forestall any capital hits until 2022.March 27
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Policymakers should abolish the new accounting standard because it could distract banks at exactly the moment they need to be focused on pulling their communities from the brink of recession.March 25
Chairman and Co-founderSignature Bank of New York
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The new accounting standard meant to prevent another financial crisis could actually trigger one.January 31
Founder and CEOPromontory Financial Group
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A new report from the National Credit Union Administration's Office of the Inspector General outlines what to expect in the year ahead following some 2019 scandals.December 23
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FASB delayed implementation for the majority of banks and credit unions until 2023, but many in the industry still oppose the rule, despite regulators' attempts to ease the path forward.October 17
