ASU 2025-08 — Financial Instruments—Credit Losses (Topic 326): Purchased Loans

The amendments in this Update expand the gross-up approach for initial recognition and measurement of acquired financial assets to purchased seasoned loans.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2023-ED400—Financial Instruments—Credit Losses (Topic 326): Purchased Financial Assets, which has been deleted.

For more information, see the following:

Issued: November 12, 2025