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CECL Peer Group Selection & Application

For current expected credit loss (CECL) modeling, historical loss experience is a crucial component to help project future loss experience. Most banks and credit unions find deficiencies in the amount or quality of their own historical loss experience. Fortunately, the CECL guidance allows for the application of external, peer experience in an institution’s models as a way of overcoming a lack of or inadequate first-hand loss data. In this whitepaper, Abrigo advisory experts explain when financial institutions typically need peer data for CECL and provide information on how to construct defensible peer groups.

Download to learn:

  • How to assess the need for peer data
  • Criteria for constructing CECL peer cohorts
  • Key issues with public financial information data sources

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