LEARNING LESSONS FROM CECL IMPLEMENTATIONS
More Lessons from the CECL front line
In the last e-book, we collected the ﬁrst set of articles based on our experiences of implementing CECL at smaller banks and credit unions. This e-book continues in that vein, with a greater focus on implementation choices made as part of those projects.
Topics found within these articles include deep dives on Expected Credit Loss (ECL) methodologies, along with their pros and cons, as well as more speciﬁc details that can, make implementations run smoothly or derail them, if missing.
CECL is the main challenge facing the community banking and credit union sectors today. Assumptions about it being a straightforward replacement of Allowance for Loan and Lease Losses (ALLL) are misplaced and can lead to teams, charged with making the switch, with too little time to think through, design and build a CECL program that works for the institution rather than against it.
We hope that the articles herein can help in de-complexifying these projects and the key choices facing the implementation teams. Further details, insights, and curated resources can be found at CECLExpress.com.