With the effective date for the current expected credit loss (CECL) standard quickly approaching, it’s important to make sure your institution is setting clear goals for compliance and developing a timeline for implementation. While this process can seem daunting, having a trusted advisor with experience assisting institutions through CECL implementation can help you gain confidence in the decisions you make.
BKD’s advisors can help you navigate the impending changes to your internal controls and processes, governance, risk management, credit loss methodology and modeling and data collection. No matter what stage you are at in the process, our seasoned professionals can offer guidance and best practices so you can be confident your institution is headed in the right direction.
CECL Survey Report
CECL is a growing topic for financial institutions across the country, leading bankers to ask, “Where do we stand compared to our peers?” To help find the answer, BKD recently conducted a CECL Implementation Benchmark Survey that gave 152 industry leaders an opportunity to share their perspectives. Check out this helpful industry outlook report based on the results.
Fill out the form below to download the Survey Report.