TALES FROM THE FRONTLINE OF CECL IMPLEMENTATION – PART 3
LEARNING LESSONS FROM CECL IMPLEMENTATIONS INTRODUCTION Welcome to the third CECL Express e-book! 2022 was a year of systemic design, decision making and testing for America’s community banks and credit unions. Now that CECL is finally here, the chosen approaches will be road tested through audits and bank exams. The context is important. CECL was […]
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 delayed the recognition of credit losses. The Financial Accounting Standards Board (FASB) worked along with the International Accounting Standards Board (IASB) to come up with a forward-looking way of measuring […]
