Financial services consulting for banks

CECL Resource Center

With the effective date of the current expected credit loss (CECL) standard quickly approaching, it’s important your institution has set clear goals for compliance and developed a timeline for implementation. While this process can seem daunting, BKD can assist you through all stages of CECL implementation so you can be confident the result makes sense for your institution.

The resources listed below have been designed to educate you and your teams on different implementation and compliance aspects of CECL. If you have any questions, need assistance or would like to discuss your bank’s implementation progress, reach out to your local BKD trusted advisor or send an email through the Contact Us button above.

What's the right solution for you?

We’re glad you asked! Financial institutions have diverse needs, and CECL implementation is no different. That’s why BKD offers flexible solutions tailored to your institution’s unique characteristics.

Implementation Assistance

If you haven’t yet developed your CECL models, don’t fret! It’s not too late. BKD is here to help your CECL committee through each step of the implementation process—from pooling segmentation to model development.

Model Development

Regulatory agencies have said that institutions, depending on their complexity and size, can develop internal models and leverage certain pieces of their current allowance calculations. BKD can help you develop spreadsheet models or guide you through implementing the software of your choice.

Model Validation

Although ASU 2016-13 doesn’t prescribe the methods to be used in determining a CECL allowance, the models used need to be validated to assess whether the model outputs are accurate and the model abides by the principles of the ASU. At BKD, we’ve already helped institutions across the country validate their CECL models and have the knowledge and experience you require to remain confident in your model selection.

If you’re ready to discuss specifics about how BKD can help your institution, contact us today to schedule a no-strings-attached conversation.

Not quite ready for that level of commitment? No problem! Check out our library of informative content and useful tools which are designed to help you beef up your CECL knowledge and understanding.

Upcoming Workshops

Our trusted advisors regularly conduct workshops designed to help prepare bankers for CECL implementation. Click below to find a location near you.

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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 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.

 

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