The advent of Current Expected Credit Loss (CECL) reporting as an additional accounting requirement for US credit lending institutions is widely recognized as a significant technical, operational and compliance challenge. The combination of complex modeling, the use of large and changing volumes of portfolio and market data, and the need for consistent, accurate, and auditable results means that institutions are challenged with implementing the standard.
The Cost of Capital and the Cost of Business: Leveraging Automation for Enhanced CECL Compliance highlights the challenges of implementing CECL operationally. It proposes a best-practice approach to ensure institutions deliver CECL on time and cost-effectively while helping to optimize the cost of capital.
