Banks are actively drafting plans to address the myriad of requirements to comply with the FASB's current expected credit loss (CECL) regulations. This guide explains CECL basics and offers advice to orchestrate the entire CECL process to ensure:
⢠Fewer resources for monthly /quarterly ALLL production
⢠Faster turnaround on questions from auditors and regulators
⢠Reduced opportunities for audit or regulatory findings
⢠Transparency required by auditors and regulators
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