JULY 12, 2017
Welcome to CECL Central
By Mark Loehrke, Editor, Financial Managers Society
Is your institution ready for CECL?
It’s a question worth asking, especially when you consider that 64% of respondents in our recent FMS research study
noted that they expect a major or significant impact on their operations when the new standard goes into effect. Those same survey participants have concerns ranging from determining the kind of data that’s going to be needed to the modeling adjustments they may need to make to finding the right variables to help forecast expected losses.
With these types of questions and concerns on the minds of many community institution leaders, we’re proud to unveil our latest resource – CECL Central
. This collection of CECL articles and tips from sources around the industry is a convenient one-stop shop for all of the information you need to get ready for the new standard.
Whether you’ve been working toward CECL with your team for the past several months or are just hearing about it for the first time today, chances are you’ll find an article or FAQ that speaks to your curiosity, frustration or bewilderment in CECL Central. So stop by to check out the new collection, and come back frequently as additional items are posted.