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 [...]
Last week we discussed setting goals that could be influenced by actionable items. Setting goals is important, but if you want them to be taken seriously, create a visible scoreboard for your team. Drive by a playground with a basketball goal, and you might see kids shooting hoops without a care. Drop in on that [...]
