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Effective CECL model validation: A framework

Abrigo

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."

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CECL Kickstart Questions Answered

Abrigo

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.

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Accounting for TDRs Ending for CECL Adopters

Abrigo

FASB Ends TDR Accounting for CECL Users; May Consider Idea to End for Others, Too The FASB's latest Accounting Standard Update creates a single model for measuring and disclosing loan modifications under CECL, eliminating accounting for TDRs. . You might also like this "CECL Streamlined" webinar series. Creditors Said.

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Countdown to CECL: A Timeline for Credit Unions

Abrigo

Preparing for 2023 Credit unions have a 2023 deadline for CECL implementation, leaving limited time to refine their processes. Get CECL compliant. Learn how with the CECL Streamlined webinar series. Takeaway 1 "Analysis paralysis" and the pandemic put CECL implementation on the backburner for many credit unions.

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Latest CECL FAQs

Abrigo

The Financial Accounting Standards Board’s new current expected credit loss (CECL) standard, known as one of the biggest changes to bank accounting. Because of the complexities and changes that CECL brings, there are many questions surrounding implementation, potential effects, and more. When does the CECL standard take place?

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CECL Lessons Learned

Abrigo

At Abrigo, many of us eat, sleep and breathe CECL. Abrigo immediately put its years of preparation into action, both from software development as well as advisory services, to help community financial institution clients navigate the adoption of the CECL standard.

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CRE loan distress: Spot the symptoms, diagnose, and treat problem loans

Abrigo

Takeaway 3 To triage a CRE loan in workout, first re-engage the deal team and conduct a comprehensive review of the loan documents. Beyond a hard money default due to a payment or maturity event, early warning signs for CRE loans typically manifest as a : Failure to pay real estate taxes. Failure to sustain adequate insurance coverage.