The FASB issued the final CECL standard on June 16, 2016. It is important for institutions to begin preparing now, and gathering data is one of the key first steps. This CECL data prep guide outlines the basics for bank and credit union executives to consider when evaluating the institution's data.
Download the data prep guide to learn
- The basics of CECL data requirements
- Data characteristics and data points by methodology
- Two handy checklists: Ensuring data adequacy, and evaluating third-party vendors for data archiving