While much of the CECL implementation focus is directed toward the allowance for credit losses for loans and receivables, adopters must not lose sight of other areas in scope of the standard. Debt securities, particularly held-to-maturity securities, are subject to lifetime loss estimates as well. And for many 2020 adopters, unfunded commitments had the largest Day 1 impact of all. This webinar will walk you through considerations for these areas and provide practical tips for a smooth transition.
Upon completion of this program, participants will be able to:
- Identity which debt security classifications and unfunded commitments are in the scope of the CECL standard
- Describe best practices in documenting loss estimates for debt securities and unfunded commitments
- Identify potential data sources for inputs and assumptions