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FASB reviews TRG for Credit Losses issues

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On June 12, 2017, the Transition Resource Group for Credit Losses (TRG), formed by the FASB to consider issues that arise from implementing the new credit loss standard, met for first time since the issuance of ASU 2016-13, Measurement of Credit Losses on Financial Instruments. This bulletin not only summarizes the major issues discussed at that meeting, but has been updated to include the FASB’s subsequent discussions on those topics.