The 2023 CECL deadline is approaching.
Current Expected Credit Loss has been a controversial topic since the Financial Accounting Standards Board issued the regulation in 2016. CECL replaces the current incurred loss model, used by financial institutions to track their losses, in favor of an expected loss model. The new model requires institutions to project expected credit loss over time, as opposed to waiting for a trigger event or loss to occur.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
