Join our discussion for CECL implementation guidance and best practices
In 2016, the FASB issued the current expected credit loss (CECL) standard. It requires financial institutions to change the way they calculate potential future losses on certain financial instruments. Adopting the new guidelines might not be easy. Recent publications state that nearly half of community banks have not started planning for CECL implementation. Complying with the new accounting standard will test practitioners, auditors, and regulators as the full effects of the change come into focus.
Many banks, savings institutions, and credit unions have for decades derived loan loss reserve amounts from their internal risk ratings. Given the requirement to run frequent reserve calculations that incorporate all future expected credit losses, your organization might soon see a separation of these two important risk metrics.
Join this webinar whether you need additional guidance on navigating CECL or want to get best practices for successful compliance. Robby Holditch and Christian Henkel, CECL experts at Moody’s Analytics, will cover the main CECL requirements including historical loss experience, current conditions, and reasonable and supportable forecasts.