Insights

IMPLEMENTING CECL QUICKLY

CECL Implementation After the financial crisis of 2008, it was widely agreed that it had been aggravated by the incurred loss methodology existing then, which

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UNDERSTANDING LOAN CLASSIFICATIONS UNDER CECL

CECL IS APPROACHING In June 2016, the Financial Accounting Standards Board (FASB) provided us with a new expected credit loss accounting standard. The current expected credit losses methodology (CECL) was introduced by this new accounting standard to estimate allowances for credit losses. The

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