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2019 CECL Survey Results

For the third year in a row, Abrigo (formerly MST, Sageworks, and Bankers Toolbox) surveyed 125 individuals at a wide range of financial institutions to gauge CECL preparedness. The 2019 survey shows that as the Q1 2020 compliance date looms for SEC registrants, institutions of all types are making progress – but not enough, according to CECL experts.

“The clock is ticking,” said Abrigo Senior Director of Advisory Services Regan Camp. “While many financial institutions are taking the necessary steps to make sure they are prepared for this important change in accounting for credit losses, it’s clear that others are falling behind their peers.”

Download the 2019 CECL survey results to learn:

  • The decisions that institutions are making in the CECL transition
  • How much progress has been made in 2019 compared to previous years
  • The differing results between SEC filers, community and mid-market banks, and credit unions