CECL as a Strategic Business Initiative

CECL as a Strategic Business Initiative

Do you have the right data to proactively approach CECL and accomplish strategic growth objectives? Implementing the new CECL standard is expected to have broad implications that may affect numerous functions at banks and credit unions, including credit modeling, regulatory capital impact, operational implications, financial and regulatory reporting, and data and technology considerations. This has […]

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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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