Prepare for CECL
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The time is now to prepare for CECL. As a community banker, you know the importance of getting the numbers right and fully understanding your bank’s loan relationships. While CECL undoubtedly adds complexity to banking, if prepared for properly, the implementation can help institutions realize efficiencies and generate more informed strategies for growth – not just create an allowance forecast. We will share highlights that may help your unique implementation timeline.
What is in this guide…
- 5 step CECL Launch checklist
- Questions you can use to challenge your internal teams and processes
- Indicators of success
- Definitions of 4 Models to forecast future losses
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