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

DECEMBER 22, 2023

The most-read portfolio risk 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. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool."

CECL 88

CECL Credit Unions Default Credit Risk 88

Abrigo

FEBRUARY 11, 2022

Firm deadline for CECL implementation set As expected, the FASB agreed to uphold CECL’s 2023 implementation date. You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". Takeaway 1 The FASB agreed to uphold the 2023 implementation date for those that haven’t yet adopted the CECL standard.

CECL 78

CECL Credit Unions Credit and Collections 78

Abrigo

DECEMBER 20, 2024

watch webinar Priority: Managing the risks of interest rate uncertainty Abrigo experts have noticed a growing shift in clients concern toward interest rate risk, so one focus will be managing that. Several customers also say that lowering non-interest expenses and optimizing institutional processes are top priorities heading into 2025.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

OCTOBER 9, 2024

How to build a successful Q factor framework under CECL Understanding the quantitative side of the CECL calculation means developing defensible qualitative factors, or Q factors. Would you like other articles on CECL and Q Factors in your inbox? Learn best practices to adjust for risk.

CECL 78

CECL Credit Unions 78

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

AUGUST 26, 2024

CECL model risk assessments Possible areas of material misstatement in a CECL model can be identified with a risk assessments. You might also like this webinar: "Conducting an effective Q factor framework." Unsurprisingly, building a proper control framework is easier if you first identify the risks.

CECL 78

CECL Credit Unions 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

APRIL 1, 2022

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.

Credit Unions 78

Credit Unions CECL Default 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

APRIL 1, 2022

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.

CECL 78

CECL Credit Unions 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

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined."

CECL 78

CECL Credit Unions 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. . You might also like this webinar, "Calibrating the loss experience to economic conditions." Auditors say involve them early in CECL.

CECL 78

CECL Credit Unions Credit Risk 78

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? Steps to Take This Year WATCH Webinar. Takeaway 1 "Analysis paralysis" and the pandemic have put CECL on the backburner for many CFIs. Start CECL prep early.

CECL 78

CECL Credit Risk 78

Abrigo

FEBRUARY 28, 2020

Large SEC filers have officially adopted the current expected credit loss standard, or CECL, for recognizing credit losses, and other financial institutions are eager to learn from their implementation efforts. While credit unions have until 2023 until they must comply with CECL, there is likely less time than expected.

Credit Unions 78

Credit Unions CECL 78

Abrigo

APRIL 26, 2023

M&A implications Purchase accounting changes for financial assets The Financial Accounting Standards Board (FASB) recently continued its earlier discussions on the accounting treatment for acquired financial assets that are within the scope of ASC 326, known as CECL , or the current expected credit loss model.

CECL 78

CECL 78

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. Steve Merriett, the Fed’s Chief Accountant, will lead the webinar discussion on Oct. 30 from 1 p.m.

CECL 60

CECL Credit Unions 60

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

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

MARCH 12, 2021

Board updates on CECL and what to include Keeping bank or credit union directors informed on CECL is good for corporate governance and for ensuring a smooth transition. You might also like this infographic: "Busting the Top 5 CECL Myths" DOWNLOAD. Communicating CECL. Board updates are vital for CECL 2023 adopters.

CECL 78

CECL Credit Unions 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

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

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

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. The replay of that webinar is available here.

Credit Unions 68

Credit Unions CECL Credit and Collections Accounting Firms 68

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

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

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

DECEMBER 3, 2015

While the FASB’s CECL model has garnered much of the industry’s attention as of late, several other topics within credit, stress testing and the ALLL were of interest to banks and credit unions in 2015. Sageworks, a provider of credit risk and portfolio management solutions , regularly hosts complimentary webinars for banks and credit unions.

CECL 60

CECL Credit Unions Credit Risk 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

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

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

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

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

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. Click here to register for the webinar. to 3:00 p.m. to 3:00 p.m. (EST) to 3:00 p.m.

CECL 60

CECL Credit Risk 60