Use our industry experience to build your institution a CECL “backward timeline.” From the very announcement of the CECL implementation dates, we have been working with lenders – and spilling a lot of ink – on timelines. When do you need to get started on your CECL transition to have enough time to be ready for your implementation date? […]
Find out what your peers are thinking about CECL and how your institution compares.
Who owns the present Allowance for Loan and Lease Losses (ALLL) and the new Allowance for Credit Losses (ACL) processes in your financial institution? The Chief Financial Officer (CFO)? The Chief Credit Officer (CCO)? The Chief Lending Officer (CLO)? Perhaps it is a shared function. In my 40 years in banking, I have seen the responsibility fall to each of these roles. […]
Regan Camp, Managing Director of MST Advisory Services, guides participants through a detailed walkthrough of a few of the more widely considered CECL methodologies in this on-demand webinar. […]
From the ABA . . . ABA Endorses MST, Sageworks for CECL Software Solutions WASHINGTON — The American Bankers Association today announced its endorsement of two software solutions to help banks meet the upcoming deadline for Current Expected Credit Loss (CECL) implementation. Sageworks ALLL and MST Loan Loss Analyzer (LLA) are software solutions that provide modeling and data management for CECL accounting. […]
October 10, 2018 | 2:00 - 3:30 p.m. ET Presented by MST, Sageworks, Grant Thornton, BKD and PWC Lenders are knee-deep in their transition to CECL and encountering challenges at every turn. In "Answers to Your Top CECL Questions," our panel of auditors from Grant Thornton, BKD and PWC, and CECL consultants from MST and Sageworks will discuss CECL and its enterprise-wide impact and respond to your questions. The panel is comprised of Regan Camp, MST; Neekis Hammond, Sageworks; Gordon Dobner, BKD; John Reedy, Grant Thornton; and Mike Shearer, PWC. To Access the Recording, click here.
Guest blog by Dr. Tom Cunningham, Economist and MST Advisory Services, Senior Advisor- Economics The September 7 national Employment Situation Report from the Bureau of Labor Statistics showed a net gain of 201,000 jobs for the month of August, 10,000 more than expected. It’s a strong number, if somewhat compromised by the lower than expected 157,000 jobs reported for July as well as a downward revision of 50,000 jobs to the combined May and June reports. […]
In depth look at what will change in a financial institution's disclosures under CECL. Includes sample wording and tables. Download the Disclosures Paper
This document contains the disclosure requirements and related disclosure guidance from the ASU 2016-13.