Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." A CECL prep kit was also popular.

CECL 88

CECL Credit Unions Credit Risk Transactions 88

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

JULY 28, 2021

Why it makes sense to adopt CECL immediately SEC filers and experts recommend starting CECL implementation ASAP to have the best opportunity for a smooth transition. You might also like this resource: CECL Prep Kit. Benefits of earlier CECL implementation. Start Now’. Start now.” “At

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

APRIL 7, 2022

Experts answer CECL questions from 2023 adopters Participants in Abrigo's CECL Kickstart webinars asked consultants their questions leading up to the 2023 CECL implementation date. Takeaway 1 Financial institutions brought practical questions to Abrigo consultants during the CECL Kickstart webinar. . CECL Deep Dive.

CECL 78

CECL Credit Unions Default Credit Risk 78

Abrigo

MARCH 31, 2023

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

Credit Unions 78

Credit Unions CECL Credit Risk Credit and Collections 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

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

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." keep me informed. Know your limits.

Credit Risk 78

Credit Risk CECL Small Businesses 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

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

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 26, 2024

CECL model risk assessments Possible areas of material misstatement in a CECL model can be identified with a risk assessments. WATCH Takeaway 1 The forward-looking CECL approach to estimating the allowance for credit losses introduces risks that auditors and examiners are scrutinizing.

CECL 78

CECL Credit Unions Credit Risk 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. In the meantime, though, he said institutions should be gathering data now. We have tons of data.

CECL 84

CECL Credit Unions Credit and Collections Credit Risk 84

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 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

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 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

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

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

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

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

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

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

JULY 30, 2020

Regulators will have elevated interest in credit risk and the resulting impact in the months ahead. Consider utilizing the same advisor for any stress testing or credit-focused capital planning as for estimating the allowance for loan and lease losses. Portfolio Risk & CECL. CECL Accounting. CECL Models.

CECL 99

CECL Credit Unions Credit Risk Default 99

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 Default Credit Risk 60

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

AUGUST 2, 2017

In the 13 months since the Financial Accounting Standards Board (FASB) finalized its new standard on accounting for credit losses, ASU 326, financial institutions have been preparing to implement what has been labeled by some industry figures as the biggest change ever to bank accounting.

CECL 60

CECL Credit Unions Credit Risk 60

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

APRIL 12, 2021

Lending participants’ demands Those involved in the lending process (lenders or business relationship managers, underwriters, line-of-business managers, credit authorities, and back-office personnel) “have also come to demand more convenient and digitized processes for tasks they complete across the loan life cycle,” Aite said. Risk Ratings.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections CECL 135

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

JUNE 18, 2020

Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL. C&I Loans. CRE Lending. SBA Lending. How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies. Learn More. C&I Loans.

Credit Risk 117

Credit Risk CECL Small Businesses 117

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

JANUARY 27, 2020

Key Takeaways Make sure your credit union is filing SARs and CTRs properly. Strengthen credit risk by improving your credit union's loan underwriting standards. The agency published its 2020 supervisory priorities to help credit unions prepare for their next exam. Strengthen credit risk by improving underwriting.

Credit Unions 78

Credit Unions Cybersecurity 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