BAN2006. CECL Adoption During a Pandemic

In this session, we will discuss the adoption of CECL in this time of unusual economic stress, including the challenges of applying the standard when the economic forecast is uncertain.

Learning Objectives:

• Describe observations on the adoption of CECL and the implementation of the standard during the coronavirus crisis
• Discuss key challenges including the accounting, use of models, data and qualitative reserves
• Describe lessons learned from the adoption