Collect, Correct and Correlate - CECL Standards and the Need for Data

In June 2016, the FASB issued a new standard for the timely reporting of report credit losses on loans and other financial instruments, creating one of the most significant changes in recent years for financial institutions.

Even though the official adoption deadline has been pushed back to after December 2019, financial institutions should take actions today to help prepare for the new rules.

  • Country
  • United States
  • Solution
  • Financial Control & Accounting, Risk & Compliance
  • Industry
  • Banks, Credit Unions
  • Published
  • July 2017

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