Abrigo

JULY 7, 2022

What Will Auditors and Regulators Expect with CECL Accounting? A panel of CECL accounting experts described how auditors and regulators are viewing various aspects of implementation. . Takeaway 1 CECL accounting experts shared audit and regulatory expectations based on their work with financial institutions. Communication Urged.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. Recommendations for independent loan reviews.

Credit Risk 78

Credit Risk Credit Unions CECL Credit and Collections 78

Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Progress on CECL.

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

JULY 26, 2021

The Scaled CECL Allowance for Losses Estimator (SCALE) tool was unveiled This tool is allowed only for banks under $1 billion as they transition to CECL. . CECL SCALE is an Excel spreadsheet-based tool. Our dedicated risk management experts are ready to help you transition to CECL with confidence. Starting Point".

CECL 78

CECL Credit and Collections Credit Risk Credit Unions 78

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Economic downturns alter the credit memo's content and process to capture credit risk. Mitigate credit risk and drive growth – even in a recession.

Credit Risk 78

Credit Risk CECL Credit Unions Default 78

Abrigo

SEPTEMBER 22, 2021

CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases. Stay updated on all things CECL. New Disclosures Under CECL CECL disclosures play a central role in the new standard, but many financial institutions begin work on them too late in the process. Learn more.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

FEBRUARY 14, 2024

Applying adverse scenarios while conducting stress tests or sensitivity analysis helps banks adjust risk management processes, capital planning, liquidity management, collateral valuation processes, and workout procedures to prepare for credit risk problems before they impact earnings and capital.”

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

JULY 12, 2021

Q Factors under CECL and How They Will Compare Understanding the quantitative side of the CECL calculation is the start to applying qualitative adjustments under CECL. Would you like other articles on CECL and Q Factors in your inbox? Popular CECL Topic. What will happen to Q factors?'. You’re not alone.

CECL 78

CECL Credit Unions Credit Risk 78

Abrigo

AUGUST 12, 2020

Key Takeaways The coronavirus pandemic has upended financial institutions' long-term business strategies, but now FIs have an opportunity to consider how consolidation can create greater efficiencies and better results – especially in the area of CECL and valuation calculations. Misconceptions of relating valuation calculations and CECL.

CECL 78

CECL Credit Unions Credit Risk Default 78

Abrigo

FEBRUARY 12, 2021

Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . 2023 CECL Deadline? Takeaway 1 "Analysis paralysis" and the pandemic have put CECL on the backburner for many CFIs. Each quarter represents an opportunity to refine the CECL model prior to 2023.

CECL 78

CECL Credit Risk 78

Abrigo

MARCH 21, 2024

Valuation, CECL , and Income Recognition (Day 2) are interconnected. Partnering with a fair value firm can be a game-changer for credit union mergers. Adopt a straightforward format for post-CECL fair value disclosures and valuations with this whitepaper.

Credit Unions 88

Credit Unions CECL Credit Risk Transactions 88

Abrigo

AUGUST 2, 2023

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. You might also like this on-demand webinar, "Stress testing & CECL efficiencies." Wells Fargo & Co.

CECL 78

CECL Credit Risk Credit Unions 78

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

AUGUST 12, 2020

Key Takeaways The coronavirus pandemic has upended financial institutions' long-term business strategies, but now FIs have an opportunity to consider how consolidation can create greater efficiencies and better results – especially in the area of CECL and valuation calculations. Misconceptions of relating valuation calculations and CECL.

CECL 78

CECL Credit Unions Default Credit Risk 78

Abrigo

AUGUST 12, 2020

Key Takeaways The coronavirus pandemic has upended financial institutions' long-term business strategies, but now FIs have an opportunity to consider how consolidation can create greater efficiencies and better results – especially in the area of CECL and valuation calculations. Misconceptions of relating valuation calculations and CECL.

CECL 78

CECL Credit Unions Default Credit Risk 78

Abrigo

FEBRUARY 16, 2024

Preparing your credit administration for the next cycle Financial institutions should consider these tips for maintaining an efficient credit process throughout the year. You might also like these on-demand webinars tackling common credit risk questions. Discover options for loan policy review assistance.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Abrigo

JUNE 1, 2020

Key Takeaways CFOs have numerous considerations related to the impact of the coronavirus pandemic on the allowance for credit losses, whether it is calculated under the incurred-loss model or CECL. Even banks that remain on the incurred-loss model and have a 2023 deadline should not lose sight of CECL. CECL delay and updates.

CECL 78

CECL Credit Risk Small Businesses 78

Abrigo

JANUARY 24, 2024

How will the acquired portfolio impact your CECL calculations and processes? For example, adopting the current expected credit loss standard (CECL) required a well-planned strategy and ample time dedicated to the operational and technical transition.

CECL 78

CECL Credit Risk 78

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Abrigo

OCTOBER 31, 2019

CECL | 6 minute read Key Takeaways The FASB affirmed plans to extend deadlines for CECL implementation; a final vote is expected in November. The current expected credit loss, or CECL, effective dates have been extended for all but the larger SEC filing institutions, correct? CECL workshops underway.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

APRIL 25, 2024

Takeaway 3 With lower interest rates nowhere in sight, lenders need to monitor and adjust lending and underwriting strategies based on their own institution’s credit risk profile. 1 appeared first on Abrigo.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

DECEMBER 31, 2019

Key Takeaways Risk management practices were on the minds of bankers in 2019 Some of the most popular blog posts of 2019 were about stress testing and CECL. Risk management practices were in the spotlight in 2019. CECL and stress testing. What is the PD/LGD Transition Matrix Model for CECL?

CECL 60

CECL Credit Unions Credit Risk Default 60

Abrigo

MARCH 13, 2024

keep me informed Download Success story Loan review is critical for identifying emerging credit risks. Learn how Heritage Bank cut days off its processes. Achieve double-digit efficiency gains and reduce losses with Abrigo's automated loan review software. Want to learn more? Talk to a specialist.

Credit Unions 88

Credit Unions CECL Default Credit Risk 88

Abrigo

AUGUST 19, 2019

recently found out it will have extra time to implement the current expected credit loss (CECL) accounting standard. We’re pretty committed as an organization,” Robert Sousa, Lead Credit Analyst for Main Street Bank, said during a recent Abrigo webinar hosted by the American Bankers Association’s Endorsed Solutions Group.

CECL 60

CECL Credit Risk 60

Abrigo

OCTOBER 9, 2019

Stress Testing | 6 minute read Key Takeaways Stress testing is a useful tool to help guide CECL decisions. It also provides guidance for the impact of the new accounting standard, Current Expected Credit Losses (CECL), on the portfolio. CECL-Compliant Calculations you don't have to second guess? The top-down approach.

CECL 60

CECL Transactions Credit Risk 60

Abrigo

NOVEMBER 13, 2023

Takeaway 3 Utilize guidance lines to streamline the approval process for customers with fluctuating credit needs Fine-tune annual review Keeping annual review simple Annual loan reviews are a critical component in monitoring the health of a credit after it is initiated. How Strengthen your risk rating system.

CECL 78

CECL Credit Risk Transactions 78

Abrigo

OCTOBER 17, 2023

Keep me informed Speak to an advisor Blog Credit Risk Management Lending & Credit Risk Loan Review and Due Diligence Member Business Lending Portfolio Risk & CECL Four ways to evaluate your loan review department’s effectiveness Learn More Blog Abrigo Data Center AML/CFT Asset/Liability Fraud Prevention Lending & Credit Risk Portfolio Risk (..)

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

NOVEMBER 17, 2023

Credit spreads can be two to three hours faster per loan when credit risk software auto-imports financial data from the individual’s bank accounts and automatically creates a personal financial statement. The analyst can focus on analyzing large, complex scenarios rather than data entry and spreadsheets.

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 88

Abrigo

JANUARY 30, 2024

The Credit + Lending + Portfolio Risk track will cover topics on managing credit risk, making smarter loans faster, managing the current expected credit loss (CECL), stress testing, and asset/liability management (ALM).

Credit Unions 78

Credit Unions CECL Credit Risk Cybersecurity 78

Abrigo

MAY 17, 2017

The importance of a sound risk rating process continues and possibly grows in the coming years as financial institutions grapple with the increased emphasis on estimating credit losses. At the end of the day, the risk rating is the one indicator of risk that exists in a portfolio.

CECL 68

CECL Credit Risk Credit Unions 68

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 3 Banking intelligence that's purpose-built for banks and credit unions combines analytics and intuititve dashboards.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

OCTOBER 10, 2023

In addition to providing a more  efficient credit risk review , a loan review solution can provide other analytics to support staffing requests. Credit risk series Learn More The post 4 Ways to evaluate your loan review department’s effectiveness appeared first on Abrigo.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 10, 2023

In addition to providing a more  efficient credit risk review , a loan review solution can provide other analytics to support staffing requests. Credit risk series Learn More The post Four ways to evaluate your loan review department’s effectiveness appeared first on Abrigo.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." CRE loan accommodations.

Credit Unions 78

Credit Unions Credit Risk CECL Credit Management 78

Abrigo

MAY 2, 2024

Webinar Commercial Lending Credit Analysis Training Credit Risk Management Lending & Credit Risk Commercial credit conundrums: Top issues and where to focus your efforts Learn More Whitepaper Ag Lending Lending & Credit Risk The ag lender’s survival guide Learn More Whitepaper Abrigo Data Center Lending & Credit Risk Portfolio Risk (..)

Small Businesses 78

Small Businesses Credit Risk Credit Unions CECL 78

Abrigo

AUGUST 16, 2016

In early June, Sageworks hosted a Current Expected Credit Loss (CECL) Workshop Series webinar and asked the attendees “Given what we know about CECL, what area do you feel will see the largest impact?”

CECL 68

CECL Credit Risk 68

Abrigo

JANUARY 18, 2016

Are you ready for CECL? The Financial Accounting Standards Board (FASB) is expected to release final guidance in Q1 for the current expected credit loss ( CECL ) model. Why credit risk specialists should care about CECL. Part two will give examples of methodologies and review pros and cons of each.

CECL 60

CECL Credit Risk 60