Managing risk is at the very core of the business of banking, so it’s not a huge surprise that readers of Abrigo’s blog spent a lot of time in 2019 reading about the topic. Concerns over an economic slowdown and the transition to the current expected credit loss model, or CECL, put risk management practices on the minds of many bankers.
Among the most popular blog posts of 2019 were articles about stress testing, one of the most familiar of risk management practices in banking because it evaluates risks associated with issuing credit. Posts about CECL, which goes into effect for the largest SEC registrants in 2020, also drew a large number of pageviews as readers sought news and tips for dealing with the new standard. Even those banks and credit unions who received extra time to prepare for the change took important steps to move forward with implementation, heeding the CECL advice of SEC peers.