FASB’s CECL: How to Prepare Now
Sep 6, 2017
This slide deck explains myths related to the FASB's CECL model and what institutions can be doing now in preparation. One of the main issues institutions will face in transitioning to an expected loss model is the influx of data requirements that will be necessary under the new model. This document describes what data will be needed, and offers a few recommendations for data governance, segmentation and model selection.