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New Developments Summary: TRG meeting highlights

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The Transition Resource Group for Credit Losses (TRG) was formed by the FASB to help business entities implement guidance on measuring credit losses on financial instruments. In its June 11, 2018, meeting, the TRG discussed several inquiries raised by FASB staff and five issues submitted by stakeholders.

This New Developments Summary contains a review of the June 11 meeting, including background information for the issues and actions taken when applicable.