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FASB Accounting Standards Update 2025-12: Codification Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-12, which makes technical corrections and improvements to the FASB Accounting Standards Codification. This update aims to enhance clarity and consistency in accounting guidance.

Accounting Standards Update 2025-08: Purchased Loans

The FASB has issued Accounting Standards Update 2025-08, amending Topic 326 (Credit Losses) concerning purchased loans. This update provides new guidance on accounting for credit losses on purchased loans, effective for fiscal years beginning after December 15, 2025.

ASU 2025-10: Government Grants Accounting for Business Entities

The FASB has issued ASU 2025-10, which provides new guidance on accounting for government grants received by business entities. This update introduces a new Topic 832 to the FASB Accounting Standards Codification, establishing a model for recognizing government grants. The guidance aims to align accounting practices for government grants with international standards.

Accounting Standards Update 2025-11: Interim Reporting Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-11, which provides narrow-scope improvements to interim reporting under Topic 270. This update aims to refine existing guidance without introducing significant new requirements.

Accounting Standards Update 2025-09: Hedge Accounting Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-09, which provides improvements to hedge accounting. This update aims to enhance the accounting for derivatives and hedging activities under Topic 815.

NAIC Announces 2026 Committee Leadership for Consumer Protection and Market Stability

The National Association of Insurance Commissioners (NAIC) announced its 2026 committee leadership. The announcement reaffirms the organization's commitment to advancing consumer protections, market stability, and innovation within the insurance landscape through collaborative state-based regulation.

NAIC Auto Insurance Database Report 2022/2023

The National Association of Insurance Commissioners (NAIC) has released its 2022/2023 Auto Insurance Database Report. The report details national average premiums and incurred losses, noting a 14.42% increase in average premium per vehicle from 2022 to 2023.

McCarran-Ferguson Restoration Act Reaffirms State Insurance Regulation

The National Association of Insurance Commissioners (NAIC) supports the introduction of the McCarran-Ferguson Restoration Act, which would abolish the Federal Insurance Office (FIO) and reaffirm state-based insurance regulation. The act also aims to grant voting status to a state representative on the Financial Stability Oversight Council (FSOC).

Municipal Securities Dealer Participation and Concentration Trends

The Municipal Securities Rulemaking Board (MSRB) has released a report analyzing municipal securities dealer participation and concentration trends from 2016-2025. The report indicates a decline in the number of participating dealers, while trading concentration has shown mixed patterns depending on the metric used.

MSRB Rules for Municipal Securities Activities Updated

The Municipal Securities Rulemaking Board (MSRB) has updated its rules pertaining to municipal securities activities. The updates cover various aspects of regulated entity administration and professional qualification for dealers, municipal advisors, and bank dealers.