Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. You might also like this webinar, "Conquering CECL model validation: Prepare for success."

CECL 78

CECL Credit Unions Default 78

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

AUGUST 1, 2022

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Takeaway 1 Models are relied upon to answer financial reporting and decision-making questions, including CECL reporting and budgeting. Validation teams.

CECL 78

CECL Credit Unions Credit Risk 78

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

MAY 10, 2022

For example, if we were doing a core deposit analysis today and our initial study group was from 2011, how much of our current balance comprises balances from that initial 2011 group? Portfolio Risk & CECL. It’s likely it doesn’t make up much. Interested in building an effective income simulation? keep me informed.

CECL 78

CECL Credit and Collections Credit Risk 78

Abrigo

SEPTEMBER 14, 2022

In 2011, the CFPB interpreted Section 1071 to mean that obligations for financial institutions to collect, maintain, and submit data “do not arise until the [CFPB] issues implementing regulations and those regulations take effect.” So back in 2011, we understood the next logical step. CECL Regulation. Portfolio Risk & CECL.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78