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CECL Hot Topics Q&A

CECL Hot Topics Q&A

Building competitive advantage into compliance — how the FICO® Score can help.

Executive Brief

The December 2019 deadline for large banks to comply with the Financial Accounting Standards Board's Current Expected Credit Loss (CECL) model is fast approaching. Even so, institutions still have time to take an approach to CECL that goes beyond checking off regulatory boxes to gearing operations for higher performance.

The upside to effective CECL compliance is clearer, more detailed visibility into long-term portfolio performance under various future economic conditions - and the means to promptly do something about it. For banks that take this approach, CECL compliance will lead to more competitive ways of managing risk and capital for sustainable growth through economic ups and downs.