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.

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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

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?”

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CECL Credit Risk 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. FASB staff reported on implementation workshops underway. . CECL-compliant calculations you don't have to second guess? CECL workshops underway. Now that's big.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

JULY 17, 2019

Small public banks, privately held banks, and credit unions will get extra time to get CECL right, based on a move by the Financial Accounting Standards Board Wednesday. Securities and Exchange Commission filers until January 2023 for CECL implementation. More time for better CECL implementation.

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CECL Credit Unions 60

Abrigo

FEBRUARY 29, 2016

Sageworks conducted the poll of more than 600 individual bankers from both banks and credit unions during a recent CECL Workshop webinar in order to determine what problems currently plague the ALLL process at financial institutions. Listen to a replay of the webinar here.

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CECL Credit Unions 60

Abrigo

JANUARY 1, 2016

Unfortunately for community banks and credit unions, additional regulatory burdens are likely to be announced in early 2016 with the FASB’s CECL model. Under CECL, institutions will be required to estimate the expected loss over the life of the loan, which is likely to increase allowance levels.

Credit Unions 60

Credit Unions CECL 60