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Portfolio Risk & CECL

CECL News You Can Use

Brandy Aycock
March 3, 2017
Read Time: 0 min

**Please check our most recent blog post regarding the latest changes to the FASB deadlines.**

 

Following all of the information on the allowance and CECL has turned into a full-time job. We want to make it simple for you, so here is a compilation of research and articles from a variety of sources.

From Regulators

Other Trade Sources

Here are some articles that we have researched from multiple sources regarding preparing for CECL.

Economic Data

Economic conditions and indicators point to an increasing ALLL and a more complex, difficult to manage allowance.

Conclusion

Bankers and credit union professionals agree that CECL brings a new set of challenges. The ABA calls CECL the biggest change to bank accounting ever. We continue to survey financial institution professionals on CECL preparations. Institutions are beginning to prepare for CECL, but are concerned about data.

About the Author

Brandy Aycock

Brandy Aycock is Director of Event Marketing at Abrigo.

Full Bio

About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

Make Big Things Happen.