CECL Webinar: Data Quality
Methods for collecting adequate data in preparation for CECL
FASB’s guidance for estimating expected credit losses is not prescriptive and, therefore, examiners are not asking exactly how you plan to calculate your reserve under CECL today. However, due to the shift from an incurred to expected loss model, banks need to be working on loan-level data collection now as a first step toward being compliant under future GAAP.
Sageworks covers how community banks can improve data quality, assure data adequacy and take the step towards data validation and modeling.
Watch to learn:
- Data collection options
- Suggested data fields for community banks
- Advantages and disadvantages of getting started today