BAN20202. Navigating CECL in the COVID-19 World: What Have We Learned and What Will Future Challenges Be? (sponsored by SS&C Primatics)

The adoption of CECL was made more eventful by the unprecedented economic situation. Models and processes were put to the test in unanticipated ways. Out of all this, what can be learned to help navigate the next year and beyond?

Learning Objectives:

• Discuss the transition to CECL
• Identify ACL challenges faced due to the macroeconomy
• Summarize Qualitative Adjustments for COVID-19
• Discuss reports and disclosures
• Examine what the future holds