In this webinar, hear from a VP/Controller, VP/Director of Credit Risk, and Senior Credit Risk Analyst at Great Southern Bank, and from the Bank’s Advisory team at Abrigo on their experiences with CECL so far, the decisions they have or are planning to make, and their expectations for the future. Great Southern Bank operates out of Springfield, Mo., and has total assets of approximately $4 billion.

For the third year in a row, Abrigo (formerly MST, Sageworks, and Bankers Toolbox) surveyed 125 individuals at a wide range of financial institutions to gauge CECL preparedness. The 2019 survey shows that as the Q1 2020 compliance date looms for SEC registrants, institutions of all types are making progress – but not enough, according to CECL experts.

With less than a year until public business entities must begin complying with CECL, banks and credit unions have been fervently beginning transition efforts, and their preparations are taking center stage in regulatory and financial news. Important CECL news updates and potential changes to how institutions implement the accounting standard have come from the Financial Accounting Standards Board (FASB) and their Transition Resource Group, bank and securities regulators, and proposals by industry associations.