Abrigo

FEBRUARY 3, 2015

Here are two common components of the ALLL calculation for which banks can implement scenario building : Capital Planning for CECL One benefit that comes with scenario planning is increased preparedness for the FASB’s CECL model.

CECL 84

CECL Credit Unions 84

Abrigo

JANUARY 19, 2015

The BASEL Committee, in a January 2014 article , acknowledged four components of a capital planning process: 1. Internal control and governance 2. Capital policy and risk structure 3. Forward-looking review 4. Management framework for preserving capital.

Credit Unions 89

Credit Unions CECL Credit Risk 89

Abrigo

DECEMBER 30, 2019

One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Portfolio Risk & CECL. Even though this advisory was issued several years ago, it is still being cited in exam findings. Fraud Prevention.

Law Firms 78

Law Firms CECL Transactions Credit Risk 78

Abrigo

NOVEMBER 10, 2020

Key Takeaways FinCEN has issued a new advisory in identifying and reporting human trafficking, supplementing its 2014 guidance. In addition to the original 10 red flags in the 2014 guidance, FinCEN identified 10 more indicators FinCEN noted ten behavioral indicators FIs should be aware of. Portfolio Risk & CECL. learn more.

Credit Risk 131

Credit Risk CECL Transactions 131

Abrigo

JUNE 30, 2015

The attention on the FASB’s current expected credit loss (CECL) model has only increased in recent months, as the industry braces for the release of final guidance before the end of 2015. The CECL model will require banks and credit unions to consider expected losses rather than incurred losses.

CECL 60

CECL Credit Unions Accounting Firms 60

Abrigo

NOVEMBER 29, 2021

million customers over "deceptive" overdraft enrollment practices between 2014 and 2018, Banking Dive noted in a recent article about growth in overdraft fees. Portfolio Risk & CECL. 4 Steps for Integrating CECL and Other Risk Management Models. Portfolio Risk & CECL. Learn More. Whitepaper. Asset/Liability.

CECL 78

CECL Credit Unions 78

Abrigo

JANUARY 1, 2015

Some of the biggest banking stories in 2014 centered on massive data breaches at top retailers, M&A activities, and regulatory changes like the IASB’s IFRS 9 Financial Instruments. And, as is the case with every year’s end, the media has speculated on what could make headlines in 2015.

CECL 68

CECL 68

Abrigo

FEBRUARY 16, 2015

She noted that bank earnings were up more than 7 percent in the third quarter of 2014, compared with the same period the previous year. The industry will likely see more new regulation as the year progresses, as another major banking change is anticipated in 2015, the FASB’s Current Expected Credit Loss (CECL) model.

Credit Unions 60

Credit Unions CECL Small Businesses 60