CECL: A Competitive Advantage vs. Regulatory Burden

Referred to as one of the biggest changes ever to bank accounting, CECL, which takes effect in 2020, will require financial institutions to calculate the expected loss over the life of each loan and set aside reserves to cover those losses at the time of origination. It is projected that the industry may be forced […]

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2019 Outlook: How Banks Can Prepare for the Unknown

2019 Outlook: How Banks Can Prepare for the Unknown

Over the last several years, the U.S. economy has grown at a rapid pace. This year alone saw the fastest pace of recovery since the Great Recession, however, some are projecting that this growth may slow in 2019 to 2.7 percent, according to data from the Bureau of Economic Analysis. In fact, nearly half of […]

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With the Right Approach, CECL Implementation Could Mean Current Expected Credit Profit

With the Right Approach, CECL Implementation Could Mean Current Expected Credit Profit

From the moment it takes effect in 2020 and beyond, CECL will change how your financial institution operates. The new accounting standard, which requires you to calculate the expected loss over the life of each loan and set aside reserves to cover those losses at origination, will impact how your financial institution views and manages […]

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