Remove 2015 Remove CECL Remove Credit and Collections
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CECL to be released first half of 2015

Abrigo

Final guidance on the Current Expected Credit Loss (CECL) model has been an anticipated event in the eyes of bankers and other financial professionals. To learn more about how banks can prepare for the CECL model, access our whitepaper, FASB’s CECL Model: How to Prepare Now. youtube:UMytSO-ksGs].

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CECL is a hot topic at Sageworks Risk Management Summit

Abrigo

The Financial Accounting Standard Board’s proposed move to the current expected credit loss, or CECL, is top of mind for many of the bankers and industry experts attending the 2015 Risk Management Summit presented by Sageworks. Involving people from the financial institution’s credit department will be key, he added.

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The Importance of Effective Data Governance for Banks

Abrigo

With the pressures of changing regulations and data security continuing to increase, banks and credit unions must remain vigilant when it comes to their data. In addition, institutions should determine how they can make better use of the data already being collected. Collection 2. Management 3. Protection 4.

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4 Reasons to review your bank’s risk rating system

Abrigo

One of every six financial institutions responding to the 2015 Sageworks Bank & Credit Union Examination Survey said that examiners criticized or required action related to their risk ratings practices. But avoiding regulators’ inquisition isn’t the only reason that banks and credit unions should review their risk rating systems.

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Dirty Deals: Uncovering Real Estate Money Laundering

Abrigo

billion laundered between 2015 and 2020 through the U.S. Credit: Brian Koppel, Reel to Real Filming Locations blog According to a Global Financial Integrity (GFI) study , an estimated $2.3 billion was laundered between 2015 and 2020 through the U.S. real estate market alone. real estate market alone.