If you've taken a look at the landscape, there's a variety of CECL solution options. Some of the solutions seem mundane and straightforward, only to get into rocky ground later. That rocky ground usually comes in the form of unforeseen costs. Let's take a look at three solutions, two of which you’ve probably been pitched. [...]
According to research released last month by the highly respected Fitch Ratings, loan loss reserves for the U.S. banking industry are expected to increase between $50 to $100 billion under CECL. That's an increase of 38 to 77% above current reserve levels. Fitch's report on CECL went on to outline that as a result [...]
President Eisenhower once said, "Neither a wise man nor a brave man lies down on the tracks of history to wait for the train of the future to run over him." January 1, 2022 will be here before we know it. Banks see "data requirements" and immediately think a software solution will solve everything. That [...]
It's been a big week in Washington with the State of the Union. But what about the State of Banking? One of the big issues in banking gets swept under the rug. That issue - Current Expected Credit Losses (CECL) - is a complete shift in how banks look at impaired loans. Under CECL, community [...]
