The CECL Conundrum for Lenders: Which Loss Forecasting Methodology to Use?

By Regan Camp, Principal Consultant, SS&C Primatics

Vintage toned Wall Street at sunset, NYC.

The Financial Accounting Standards Board (FASB) issued the final Current Expected Credit Loss standard, or (“CECL”) on June 16, 2016. Many lending institutions are likely to experience a “shock to the system” because of significant changes to the end-to-end reserving process for financial instruments measured at amortized cost.
Continue reading