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 now. There is a general agreement among financial circles that implementing the Financial The effective goal of a parallel run is to make sure that the institution is ready to […]
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 more timely recognition of credit losses. One of the key aspects of CECL is to select the right methodology to estimate the Expected Credit Losses (ECL) so that institutions can […]
