CECL in the News: What’s New & How It Might Affect Your Institution’s CECL Implementation

Presenters: Rob Ashbaugh and Chris Emery

Keeping up with key developments related to the current expected credit loss (CECL) accounting standard can be difficult and time-consuming.

With less than a year until public business entities must begin complying with CECL, banks and credit unions have been fervently beginning transition efforts, and their preparations are taking center stage in regulatory and financial news. Important CECL news updates and potential changes to how institutions implement the accounting standard have come from the Financial Accounting Standards Board (FASB) and their Transition Resource Group, bank and securities regulators, and proposals by industry associations. Focus areas have included accrued interest, recoveries/prepayments, a three-year capital phase-in rule, separation of a leases standard, CECL extensions, forecasting, disclosures and more.

On Tuesday, Feb. 19 from 2-3 p.m. ET, join Abrigo consultants Rob Ashbaugh and Chris Emery as they discuss the important CECL topics in the news and share best practices for any implementation changes that attendees can take back to their financial institutions in light of recent developments.

Download to learn:

  • Recaps of recent CECL conversations, with an analysis of which issues warrant the most attention
  • Key takeaways and action items on some critical CECL discussion points
  • New developments the consultants foresee on the horizon, including upcoming events worth monitoring

 

Access Recording

 

About the Presenters

Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

Make yourself at home!