The new credit loss standards may seem like one more hurdle to clear. But played correctly, they’ll help smaller banks gain new efficiencies.
Forming a committee and crafting a plan will get you current on current expected credit loss calculations.
The regulatory act was meant to shield consumers, but it is deregulated banks that, if they so choose, can help customers much more.
‘Substantial penalty for early withdrawal’ has scared off consumers. Now’s time to calm fears, create change and spread the good news.
Current expected credit loss data helps forecast allowance for loan and lease losses—and power smart decisions.
Current expected credit loss standards rest on precise data requirements—which in turn demand precise data sets.