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Ahead from the Start - Banking

Ahead from the Start - Banking

A story about competition between two banks working toward CECL compliance

Libro electrónico

There are two different start dates for implementation of the new US GAAP current expected credit loss (CECL) model. SEC filers must begin complying with CECL in December 2019. All other public business entities have another year.

But the big difference between banks working toward CECL isn’t their start dates—it’s their start position.