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Regulators Respond to CECL

Brandy Aycock
June 17, 2016
Read Time: 0 min

The agencies encourage financial institutions to begin planning implementation of the new standard and ensure that appropriate institution staff works closely with their senior executives and boards of directors during this transition. Institutions are encouraged to plan for the potential impact of the new standard on capital in advance of the new standard’s effective date.

Read the statement here.

http://www.occ.gov/news-issuances/news-releases/2016/nr-ia-2016-69.html

 

About the Author

Brandy Aycock

Brandy Aycock is Director of Event Marketing at Abrigo.

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About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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