Implementing CECL for Large and Small Banks
Learn best practices from your peers to prepare for the 2023 deadline.
Implementing CECL for Large & Small Banks
A Discussion with Two Recent Adopters
In a recent American Bankers Association webinar, two bankers shared their implementation strategies and advice for financial institutions who have yet to adopt the current expected credit loss (CECL) standard. Download the whitepaper to gain insights from your peers.
A Partner for Your Bank
CECL Software Endorsed by the ABA
"Auditors like the application"
The CECL transition process can be a challenge if your credit and finance staff have other, competing priorities. Abrigo's endorsed CECL software is trusted by over 1,000 financial institutions and has been tested through successful audits and examinations. Abrigo's in-house consulting team is also available for a variety of services from CECL transition guidance to outsourced calculations.
With Abrigo, we can set up as many different models and projections as we want without back-and-forth with a specialist.
— Brett Gauer, Accounting Manager | United Prairie Bank
Additional Resources
Video: A Look at Credit Risk in a Rising-Rate Environment
Learn how bankers can navigate loan renewals and regulatory changes in the face of a changing market and differentiate themselves in the process.
Whitepaper: FASB TDRs and Disclosures Update
In the latest response from FASB, the board recently issued updated accounting guidance that eliminates the troubled debt restructuring (TDR) designation for CECL.
