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What SEC Filers Have Learned About CECL Implementation

Abrigo

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
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2020 Goals for Credit Unions Based on NCUA Supervisory Priorities

Abrigo

Key Takeaways Make sure your credit union is filing SARs and CTRs properly. Strengthen credit risk by improving your credit union's loan underwriting standards. The agency published its 2020 supervisory priorities to help credit unions prepare for their next exam. Strengthen credit risk by improving underwriting.

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A year since CECL: Capital expected to be most impacted

Abrigo

In the 13 months since the Financial Accounting Standards Board (FASB) finalized its new standard on accounting for credit losses, ASU 326, financial institutions have been preparing to implement what has been labeled by some industry figures as the biggest change ever to bank accounting.

CECL 60
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How Financial Institutions Focus on Customers Is Key

Abrigo

The session is among several panel discussions and speaker sessions that are part of the Lending + Credit Risk track at the conference, hosted by Abrigo Sept. The 2018 J.D. To learn more about the other lending and credit risk topics during the conference, see the agenda. Credit Risk. Credit Risk.

CECL 60
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Holiday Sales on the Dark Web

Abrigo

The number and popularity of such tools has grown substantially starting in 2018. Lending & Credit Risk. Portfolio Risk & CECL. Cyber Complications for Vendor Risk Management. Fraud Prevention. E-Commerce Merchants: A Hot Commodity in the Dark Web. Learn More. Asset/Liability. Fraud Prevention.

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Putting excess liquidity to work in today’s low-rate environment

Abrigo

These times are different than the early 2000s or even 2006 to 2018 when economic activity was roaring, unemployment was low and financial institution liquidity was tight. There is the potential credit risk that the borrower may not pay us back. Credit Risk Management. Lending & Credit Risk.

CECL 78
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Effective Loan Pricing in Today’s Rate Environment

Abrigo

Excess liquidity is persisting into 2022, affecting balance sheets and capital and squeezing net interest margins further as banks and credit unions deploy more assets in the lower-margin investment portfolio or in plain cash. Loss Allowance Rates – High-performing institutions do not necessarily have lower credit risks.