CECL Compliance – Time it right
Newgen Software
FEBRUARY 7, 2024
CECL Compliance: Getting down to the nuts and bolts Implementation of CECL Compliance for public banks is expected by 2018 and for private banks by 2020. A hard-coded rule set will make a bank lose out on the much-needed flexibility and agility. The interim period is crucial for belling the new standard for calculating ALLL.
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