CECL Compliance – Time it right
Newgen Software
FEBRUARY 7, 2024
As per the latest mandate, FIs need to take into consideration historical data, present condition, and future economic scenario to arrive at ALLL (Allowance for Loan and Lease Losses). That’s a massive amount of data to be collected and to add to it, the provision for ALLL needs to be made at the very outset a loan is booked!
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