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Applying the CECL model to financial asset credit losses
We continue our miniseries on loans and investments with a discussion of the current expected credit losses (CECL) impairment model, applicable to a broad range of financial assets.
In this episode, we discuss:
3:42 – A refresher on the CECL model
8:02 – Impact of the current economic environment on credit losses
23:43 – Monitoring and governance of credit losses
26:46 – SEC comment letters and other activity related to CECL
30:49 – FASB developments related to CECL, including purchased financial assets
For more information, see chapter 7 of our Loans and investments guide. Also, check out…
The skinny
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