Ethan Heisler begins his inaugural podcast explaining why it is too early for investors to know how the economic fallout from COVID-19 will impact the U.S. banking industry. The overall environment may be negative for banking, but on the bright side, the industry’s seamless transition to disaster mode has been remarkable. CECL is the main subject of the podcast, as Ethan discusses how we got to CECL, and puts the rule into historical context with other accounting rules and bank regulations going back to the early 1980s.