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Portfolio Risk & CECL

CECL and the CFO: Think implications, not just implementation

We’ve been hearing it from all sides: CECL will have institution-wide impact – greater, it is proposed, than any accounting change in banking history. Considering the breadth and depth of the impact, the transition to, implementation of, and ongoing execution of CECL demand oversight from the institution’s top executives, and in particular, the CFO.

In this article Paula King, CPA and Abrigo Senior Advisor, and Larry Sorensen, CFO of Washington Trust Bank, share their thoughts on CECL and implications the CFO should be considering.