The Current Expected Credit Loss accounting standard (CECL) takes effect for financial institutions as early as next year, though palpable foot-dragging has accompanied the ramp up.
And now, this not-so-trick question: Who within a bank’s operations will feel the impact of the upcoming Current Expected Credit Losses (CECL) accounting standards? “Everybody,” says Steve Picarillo, managing director and head of risk management practice for Washington D.