Abrigo

DECEMBER 16, 2019

Key Takeaways An SEC filer with a 2020 CECL deadline recommends starting ASAP on implementation -- even if your deadline is 2023. All eyes will be on the large SEC registrants in January as they become the first financial institutions to adopt the current expected credit loss model , or CECL. Transition to CECL with confidence.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

FEBRUARY 16, 2017

The FASB’s guidance on the Current Expected Credit Loss (CECL) model is not prescriptive and allows for a number of methodologies to be used in order to fulfill the requirements. Vintage analysis is an allowance for loan lease losses (ALLL) calculation methodology that has been suggested as being the new minimum standard for CECL compliance.

CECL 60

CECL 60

Abrigo

MARCH 20, 2020

Streamline the ALLL while bridging to CECL. CECL & TDRs. Financial institutions that will soon be estimating losses under the current expected credit loss standard, or CECL, haven’t had to think much about TDRs so far, as they’ve been relatively non-existent, but that may change, Camp says. CECL Accounting.

CECL 78

CECL Credit Unions 78

Abrigo

OCTOBER 17, 2019

Excel tips blogger Debra Dalgleish on her Spreadsheet Day blog claims credit for starting the holiday in 2010 after realizing that despite plenty of other obscure holidays like Pickle Day and Pi Day, there was no designated day to celebrate Excel and other spreadsheets people use in their everyday lives. Portfolio Risk & CECL.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

JANUARY 9, 2017

With the 2016 release of the Financial Accounting Standards Board’s (FASB) guidance on the Current Expected Credit Loss ( CECL model ), banking professionals and consultants have been theorizing about the impact the standard will have on current bank processes.

CECL 60

CECL Default 60

Abrigo

JANUARY 1, 2016

The Act, announced in 2010, requires or authorizes federal agencies to issue rules to strengthen the financial services industry. Unfortunately for community banks and credit unions, additional regulatory burdens are likely to be announced in early 2016 with the FASB’s CECL model. According to the latest report from the U.S.

Credit Unions 60

Credit Unions CECL 60

Abrigo

APRIL 7, 2022

Experts answer CECL questions from 2023 adopters Participants in Abrigo's CECL Kickstart webinars asked consultants their questions leading up to the 2023 CECL implementation date. Takeaway 1 Financial institutions brought practical questions to Abrigo consultants during the CECL Kickstart webinar. . CECL Deep Dive.

CECL 78

CECL Credit Unions Credit Risk Default 78