CECL DATA SOURCES OVERVIEW FOR SMALL BANKS – FFIEC, FRED, AND FED
CECL STANDARD AND THE BANKING INDUSTRY Small community banks have until 2023 to implement Current Expected Credit Losses (CECL) accounting standards after the Financial Accounting Standards Board (FASB) decided to delay CECL implementation for private and small public companies in 2019. CECL implementation began for large Security and Exchange Commission (SEC) filers in January 2020. […]
