In a long-awaited milestone, the SEC has proposed an update of Guide 3, the industry guide for banking organizations. The proposal eliminates a number of the current requirements under Guide 3 and streamlines many of those that remain. The three “new” credit quality ratios in the proposal are, in practice,
Continue Reading Better Late Than Never: SEC Proposes Guide 3 Update
Shane Tintle
Mr. Tintle is a partner in Davis Polk’s Corporate Department, practicing in the Capital Markets Group. [Full Bio]
CECL Delayed for Small and Private Companies, But 2020 Implementation is Likely Here to Stay
Posted in Proposed Rule, SEC
The Financial Standards Accounting Board (FASB) voted on Wednesday to propose delaying the implementation date of the Current Expected Credit Losses accounting standard (CECL) until 2023, for all companies other than larger SEC filers. The proposal would reduce the number of implementation dates from three to…
Continue Reading CECL Delayed for Small and Private Companies, But 2020 Implementation is Likely Here to Stay
LIBOR Fallbacks in Focus
By Nick Benham, John (JW) Perry, Gabriel D. Rosenberg, Christopher Schell, Shane Tintle, Reuven B. Young, John Taylor, Derek Walters & Vidal Vanhoof on
Posted in Capital Markets
Market participants are undertaking significant work to prepare for a transition away from LIBOR. This publication focuses on the legal framework and other issues related to fallback language. To give a more tangible sense of what may be at stake and the efforts required to transition, it provides in-depth analyses…
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