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CECL implementation: Infographic shows where banks are in the process

Progress implementing CECL is mixed as the Q1 2023 compliance date nears for smaller SEC-reporting banks and private or not-for-profit institutions.

Here are major findings related to banks, based on Abrigo’s survey of executives, credit and allowance leaders, and other finance staff.

Download the infographic to learn:

  • Where banks are in their implementation process
  • The top 3 challenges facing banks in their transition
  • The impact of CECL on banks’ reserves