CECL Resource Library
Wherever you are in the CECL process, we have a variety of resources available.
The Financial Accounting Standards Board (FASB) has officially stated that the large public business entities needed to comply with Current Expected Credit Loss standard by January 1, 2020. All other institutions have a new effective CECL implementation timeline of January 1, 2023.
There is a lot of information to digest on CECL, making it difficult to know where to start. Join PCBB to help you jump start your CECL preparations. In this session, we discuss the critical steps to get started with CECL, including the specific nuances relative to life of loan.
Have you started to prepare for CECL yet? According to PCBB’s survey of CFO’s at financial institutions, only 11% felt that their bank was ready for CECL. Join PCBB as we work through live examples of different methods and evaluate the pros and cons.
You’ve selected your methods, but can you defend them to regulators? Whether your loan structures are standardized or complex, selecting the right methodology is not a simple task, and being confident in your selection is a must.
A new accounting standard means lots of changes, including how qualitative factors (Q Factors) apply. In this webinar, gain an understanding of Q Factors with CECL, and learn how they need to be applied under CECL compared to the incurred loss model.
CECL White Papers
CECL Challenges: Prepayments and Diversification
CECL is different from the current loan loss reserve approach since it includes both probable and projected losses over the life of the loan. Learn how this impacts bankers with a diversified loan portfolio.
Getting CECL Started: Data Inventory and Analysis
The transition to CECL has been called the biggest shift ever to bank accounting by regulators. For bankers, the first step in preparing can be fairly straightforward — if you know what you need and where to go.
Loan Maturity and CECL: The Balance Between Rollover Risk and Reserves
Get prepared for CECL and familiarize yourself with the key concept of Life of Loan, by examining loan maturity and the balance between short and long-term loans.
Recent CECL Articles
With a January 1, 2023 start date it’s time to focus on CECL again. To get you started, we share six steps for completing CECL.
Insight into CECL and HTM, AFS, and trading securities.
With the pandemic, CECL may not be top of mind. So, we have three considerations to keep you on track.
The big banks are reporting on their CECL reserve. Community financial institutions can learn from what they are sharing.
Investors are already making adjustments to market valuations, based on how much they project CECL will affect the loan portfolio.
If FNMA and FHLMC adopt CECL compliance all at once, it could mean withdrawing billions of taxpayer dollars from the Treasury in 2020.
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