A consistent message for the FASB's new credit losses standard, the Current Expected Credit Losses (CECL) model, is the importance of data. As community banks are developing their path for adoption, questions arise on how to obtain data, which data is needed, which approach or model makes sense, what governance should be in place. Join this session to hear from a panel of community bankers who are down the road with answers to these questions. This session will cover practical implementation and operational considerations of the CECL model for community banks.
• Gain an understanding of community bankers are beginning the adoption process for CECL
• Understand how the CECL model impacts operations and best practices observed