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Implementing CECL for Large and Small Banks: A Discussion with Two Recent Adopters

In a recent American Bankers Association webinar, two Abrigo clients shared their implementation strategies and advice for financial institutions who have yet to adopt the current expected credit loss (CECL) standard. The two banks vary in asset size, which in turn affects how they approached the transition to CECL and their implementation strategy for the 2023 deadline. This whitepaper reports the best practices and CECL transition guidance shared by the two bankers during the ABA panel webinar.

Download to learn:

  • Two bankers’ journeys from incurred loss to CECL
  • Lessons learned during the CECL transition
  • The use of quantitative or qualitative models for economic forecasting
  • Advice for methodology selection and model validation

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