Risk, Compliance & Regulatory

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.

The Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) standard goes into effect beginning in 2020 for public organizations that are SEC filers, 2021 for other organizations and 2022 for credit unions.

Once upon a time, blockchain was hailed as an unbreachable means of transmitting wealth.

The complex stage where banks operate today resembles a theater where a trio of players vie for the spotlight.

Back in the days of the Wild West, rootin’ tootin’ bad hombres like Jesse James and Butch Cassidy struck fear into the hearts of bankers.

To some bankers, the Current Expected Loss Standard (CECL) might as well be a reboot of Y2K.

With a sound not unlike this—“CECL, CECL, CECL”—the clock is ticking for banks to comply with the Current Expected Credit Loss standard.

Cybercrime.

Legal, finance and HR departments have long-standing, well-defined roles within organizations.