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