Insights
CECL – EXPERIENCES FROM IMPLEMENTATION FOR SMALLER BANKS AND CREDIT UNIONS
CECL IMPLEMENTATION AND ASSOCIATED CHALLENGES Implementing a new system and processes is never an easy task at any financial institution. to avoid disruption to ‘business
PREPARING FOR PARALLEL RUNS
TIME FOR CECL PARALLEL RUNS Financial institutions across the U.S. have been planning for the Current Expected Credit Loss (CECL) accounting standard for several years
IDENTIFYING ISSUES – THE NEED TO STORE ALL DATA USED FOR ANALYSIS
HISTORICAL DATA AND CECL Most financial institutions have, by now, developed a Current Expected Credit Losses (CECL) implementation plan. If any institution is lacking a
IDENTIFYING ISSUES – LOAN LEVEL ANALYSIS
LOAN LEVEL ANALYSIS AND CECL AUDITING Following the global financial crisis of 2007–09, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016–13, also
IDENTIFYING ISSUES – HISTORIC COMPARISONS BETWEEN REPORTING PERIODS
CECL IMPLEMENTATION In June 2016, the Financial Accounting Standards Board (FASB) issued the Current Expected Credit Losses (CECL) accounting standard. CECL focuses on estimating expected
OPTIMIZATION AND RISK APPETITES – VOLATILITY VS ABSOLUTE COST
CECL OPTIMIZATION AND ABSOLUTE COST The Current Expected Credit Loss (CECL) accounting standard, which was issued by the Financial Accounting Standards Board (FASB), provides for
