Abrigo

NOVEMBER 3, 2023

Top 5 CECL best practices and their benefits Now that CECL is implemented, follow these recommendations for ongoing management to provide confidence and be more efficient. You might also like this webinar, "Conquering CECL model validation: Prepare for success." Examiners, auditors, and their areas of focus can vary, too.

CECL 78

CECL Credit Unions 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 19, 2021

How credit unions can manage CECL data challenges As credit unions prepare for the Current Expected Credit Loss standard, they'll uncover several data issues they'll need to address. You might also like this webinar: CECL in 2023 - Steps to Take This Year. DOWNLOAD/WATCH. Related Subhead. Different model, different data needs.

Credit Unions 78

Credit Unions CECL Credit and Collections Default 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

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

OCTOBER 7, 2021

Should Institutions Build or Buy a CECL Solution? Regardless of whether financial institutions choose to stay in-house or outsource their CECL solution, they have four important considerations to make. You might also like this bundle of whitepapers on how to prepare for CECL. Preparing for CECL.

CECL 78

CECL Credit Unions 78

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Abrigo's blog covered these and other subjects in 35 credit and lending-specific posts this year.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

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. However, given that the actual effective date for CECL has not been delayed, CFOs of SEC-registered banks that had implemented CECL on Jan.

CECL 78

CECL Credit Risk Small Businesses 78

Abrigo

DECEMBER 4, 2020

2023 CECL adopters vary in transition progress Financial institutions face considerable questions and obstacles in regard to their transition to CECL. You might also like this webinar on CECL in economic downturns. Luckily, it seems most financial institutions have remained committed to their CECL preparations.

CECL 78

CECL Credit Unions Credit and Collections 78

Abrigo

SEPTEMBER 24, 2015

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. Some meeting participants, however, expressed skepticism that this timing would hold true. We have tons of data.

CECL 84

CECL Credit Unions Credit and Collections Credit Risk 84

Abrigo

NOVEMBER 7, 2019

CECL | 7 minute read Key Takeaways Balancing the scales: the FASB's cost-benefit an alysis of CECL. Strategies to lessen the impact of CECL on smaller community banks. During the presentation, Schroeder addressed many CECL questions, shedding light on the nuances of the standard. Now that's big. Learn More.

CECL 60

CECL Credit Unions Small Businesses 60

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

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

MAY 17, 2017

With Basel III focusing more attention on credit risk management, and the more granular review of loans required by the FASB’s current expected credit loss (CECL) model, financial institutions can likely expect to see an increased emphasis by examiners on the importance and effectiveness of risk rating systems.

CECL 68

CECL Credit Risk Credit Unions 68

Abrigo

APRIL 6, 2017

The FASBs Current Expected Credit Loss (CECL) model presents unique challenges for banking professionals. To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan pool type.

CECL 60

CECL Actual Loss 60

Abrigo

APRIL 12, 2017

The FASBs Current Expected Credit Loss (CECL) model presents unique challenges for banking professionals. To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan type.

CECL 60

CECL 60

Abrigo

FEBRUARY 24, 2017

The FASBs Current Expected Credit Loss (CECL) model presents unique challenges for banking professionals. To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan pool-type.

CECL 60

CECL 60

Abrigo

JUNE 3, 2016

The Financial Accounting Standards Board’s (FASB) long-awaited final guidance on its new standard for measuring expected credit losses is expected to be released in June, a step that will be a major milestone in the multi-year development of the current expected credit loss (CECL) model. It is available by replay here.

Credit Unions 68

Credit Unions CECL Credit and Collections Accounting Firms 68

Abrigo

AUGUST 30, 2017

The changes inherent in the shift from FASB’s incurred model to the current expected credit loss model (CECL) present many challenges for financial institutions and accounting professionals alike. To learn more about transitioning to and executing a CECL model check out this recent webinar – CECL Transition Planning and Execution.

CECL 60

CECL Credit Unions 60

Abrigo

MARCH 15, 2017

The FASBs Current Expected Credit Loss (CECL) model presents unique challenges for banking professionals. To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan pool-type.

CECL 60

CECL 60

Abrigo

FEBRUARY 16, 2017

The FASB’s guidance on the Current Expected Credit Loss (CECL) model is not prescriptive and allows for a number of methodologies to be used in order to fulfill the requirements. Vintage analysis is an allowance for loan lease losses (ALLL) calculation methodology that has been suggested as being the new minimum standard for CECL compliance.

CECL 60

CECL 60

Abrigo

JULY 28, 2017

In a recent webinar for credit union executives, Danny Sharman a risk management consultant with Sageworks addressed loan data for these institutions, especially as they look toward the currect expected credit loss model (CECL) that will be required for the allowance for loan and lease losses (ALLL).

Credit Unions 60

Credit Unions CECL Credit and Collections 60

Abrigo

AUGUST 21, 2017

Compared to existing ALLL requirements, Accounting Standards Update 2016-13 (CECL) will require more inputs, assumptions, analysis and documentation, making the option to automate the process significantly more attractive for many institutions.

CECL 60

CECL Default Credit Unions 60

Abrigo

SEPTEMBER 28, 2015

Understandably, financial institutions of all sizes have numerous questions about how they will implement the FASB’s proposed current expected credit loss model, or CECL, once the standard is finalized. Panelists said they see no evidence that a less arduous application of CECL will be adopted, even for smaller institutions.

CECL 60

CECL Credit Unions 60

Abrigo

FEBRUARY 1, 2017

Under the Current Expected Credit Loss (CECL) model, there will be no triggers, thresholds or smoothing mechanisms allowed in loss calculations; the shift here is a movement to recording losses as they become expected. These gaps in time omit information necessary to analyze lifetime loss experience.

CECL 60

CECL 60

Abrigo

JUNE 30, 2015

The attention on the FASB’s current expected credit loss (CECL) model has only increased in recent months, as the industry braces for the release of final guidance before the end of 2015. The CECL model will require banks and credit unions to consider expected losses rather than incurred losses.

CECL 60

CECL Credit Unions Accounting Firms 60

Abrigo

AUGUST 23, 2017

“When considering member business lending and the consumer portfolio where many credit unions focus, change management to prepare for CECL can be even more difficult with a credit union,” says Danny Sharman, risk management consultant at Sageworks during a recent CECL webinar – Data Quality for Credit Unions. 13 months).

Credit Unions 60

Credit Unions CECL Credit and Collections 60

Abrigo

JULY 30, 2020

Portfolio Risk & CECL. CECL Accounting. CECL Models. Portfolio Risk & CECL. Portfolio Risk & CECL. Asset/Liability. Stress Testing. Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos. Learn More. ALLL Calculation. Incurred Loss. Stress Testing. Learn More. Stress Testing.

CECL 99

CECL Credit Unions Credit Risk Default 99

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. Implementation will not be required until 2019 or 2020, but banks are looking to start preparing now.

CECL 60

CECL Credit Risk 60

Abrigo

APRIL 20, 2017

The FASBs Current Expected Credit Loss (CECL) model presents unique challenges for banking professionals. To help institutions prepare, Sageworks launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan type. Which approach is ideal for cross application?

CECL 60

CECL Credit Unions Default 60

Abrigo

AUGUST 2, 2017

Although institutions will not be required to implement the current expected credit loss model, or CECL, before Dec. Based on Sageworks’ surveys, financial institutions expect the largest impact under CECL will be related to capital and changes in reserve levels. Capital was selected as the answer by 39 percent of respondents.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

JULY 30, 2015

Banking industry experts expect the FASB’s long-discussed move to the Current Expected Credit Loss (CECL) model will be finalized by the end of the year, but many bank and credit union professionals may be finding that, as Tom Petty once sang, “The waiting is the hardest part.”. Understand the new CECL requirements.

CECL 60

CECL Credit Unions Accounting Firms 60

Abrigo

JUNE 28, 2017

FASB's guidance for estimating expected credit losses is not prescriptive, so, examiners are not asking exactly how you plan to calculate your reserve under CECL today. truncated by 000’s vs. not truncated) - Data is stored in the right format (e.g.,

CECL 60

CECL Credit and Collections Credit Unions 60

Abrigo

OCTOBER 21, 2015

The Federal Reserve announced it will hold a special information session later this month for accountants, consultants, auditors and others to learn more about the FASB’s forthcoming current expected credit loss model , or CECL. To learn more about CECL, download the whitepaper, “ FASB’s CECL: How to Prepare Now.”. to 2:30 p.m.

CECL 60

CECL Credit Unions 60

Abrigo

SEPTEMBER 14, 2017

Many financial institutions have yet to begin in earnest their preparations for transitioning to the current expected credit model (CECL), a recent poll by Sageworks suggests. This suggests that many institutions have yet to begin their preparations for CECL in earnest.” credit vs. finance). Hear the on-demand webinar here.

Credit Unions 60

Credit Unions CECL 60

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. Find out what auditors and regulators will be looking for as it relates to CECL.

CECL 78

CECL Credit Risk 78