In our previous blog post in this series, we discussed Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Test (DFAST) and how CECL implementation teams can think about..
Our CECL blog series has covered topics large and small. Today we take a step back and review one of the CECL “basics.”
Many stakeholders wonder why the CECL model requires an entity to recognize a credit loss for a financial asset that was just purchased at fair value.
As CECL’s effective date draws nearer, many now recognize that CECL requires an estimate of the expected credit losses over the life of the instrument be recognized on Day 1 and subsequent..
One of the earliest and most critical decisions in your CECL compliance journey is how to handle reserve modeling. The basic decision is simple: will you create your own CECL models or will you..
If you are a financial institution, then you probably have spent time learning more about CECL and the challenges it will have on your data capabilities. You may be asking yourself, “Why is data..
On June 24th, 2015 the Consumer Financial Protection Bureau (“CFPB”) issued a proposal to delay the August 1st, 2015 effective implementation date of its Truth-in-Lending Act (“TILA”)..
As we become increasingly reliant on technology, the lines between process and software begin to blur. In thinking about transforming your organization, do you find yourself asking these questions?
Summer often brings to mind lazy days, time spent at the beach or lake, and generally enjoying nice weather. For those in the banking industry, summer 2015 may as well be renamed the..