Current Expected Credit Loss (CECL) Solutions
Meet the daunting data collection and loan loss reserve tasks associated with CECL regulations.
Like other new regulatory requirements, a common approach to
implementing the Current Expected Credit Loss (CECL) standard is to find the
simplest and lowest-cost method to show compliance. But will this approach hold
up as loan portfolios become more complex and CECL guidelines continue to change? What if you could start
capturing important data now with the
flexibility to add more in-depth analysis capability over time?
DataStore and Validation, you can meet regulatory requirements by verifying
that all required data elements to calculate CECL loss amounts are available and the critical information is
accessible in a controlled environment.
The CECL standard for estimating loan loss reserves offers vague
guidelines and a list of possibilities, but no specific recommendations for how
to best implement the rules. When you choose CECL Analysis and Reporting, you
gain an all-inclusive solution with the flexibility to begin with a simple method and easily adapt to
a more sophisticated method as your portfolio becomes more complex.
Our CECL Solutions are Preferred Services of the Independent Community Bankers of America® (ICBA).