CECL is coming.

• The FASB implementation timeline has been released.

• Public banks will begin calculating allowances based on a current expected

credit loss method Q1 2019.

• Privately held banks will begin calculating allowances in this method Q1 2020.

So what are banks expecting and how are they planning?

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• Banks from across the United States responded• Variety of sizes

Data will be key to implementation.

Data collection will reach far back.

Methodologies will adjust with CECL.

So what will the outcome be?

Bankers see the need for an automated software solution.

In Conclusion . . .

The survey revealed that the majority of bankers have moved

from inertia to action in their consideration of a preparations for

the coming of the new accounting standard on impairments.

How are you planning?

Download the full report.

About MSTSince 2005, MST has implemented technology solutions to help financial institutions simultaneously simplify and sophisticate the way they manage the inherent risk in their loan portfolios. MST is the leader and pioneer in ALLL software solutions and education for financial institutions across the U.S., and is committed to its leadership role in developing and refining products that address ALLL compliance requirements as they evolve, including under the new CECL accounting standard. MST solutions are bank-tailored, integrate with core & other data systems, deliver greater control to policy, and exponentially improve efficiencies - all of which positively impact profitability.

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