The Conference of State Bank Supervisors released a readiness tool to help financial institutions prepare for changes associated with the Financial Accounting Standards Board’s Current Expected Credit Loss standard.
The tool provides a framework that financial institutions can use to plan for implementation as well as a guide with information examiners might find helpful if the tool is encountered in an examination.
Federal regulators are hosting a webinar later this month on how community banks can implement the CECL accounting methodology. Scheduled for 1 p.m. (Eastern time) Tuesday, Feb. 27, the webinar will provide practical examples of how smaller, less complex community banks can implement the standard.
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Access Additional CECL Resources