About this paper
Lenders are making headway with CECL accounting standards, but not without some differences of opinion. For more than 10 years, banks have been abuzz with new regulatory requirements, and now the accounting rule-makers are having their say. The Global Association of Risk Professionals (GARP), in conjunction with SAS, conducted a survey to gauge lenders’ progress and concerns in gearing up for the new model. This report explains the survey’s key findings. See where you stand in comparison to other financial institutions on the road to CECL compliance.
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