September 13, 2019
BNN Research Survey: Current Expected Credit Loss Standard Implementation
The CECL standard was issued in June 2016 and in response to the impending and ongoing changes, we have a CECL Task Force to address the challenges and questions surrounding the new standard, particularly as it relates to loans and the allowance for loan losses.
Since our first CECL implementation survey in 2018, the BNN CECL Task Force has continuously monitored regulatory news and updates related to CECL. As we move closer towards implementation, we want to hear from bank controllers, CEOs, CFOs, CECL committee members, and anyone involved in CECL implementation at their institution about the challenges and questions they have and where they stand in the CECL implementation process.