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About CECL Overview RAM
This document discusses three main topics: 1. The Equifax data breach that compromised personal data of 143 million US consumers, highlighting focus on cybersecurity. 2. Square applying for an industrial bank charter like SoFi, which would allow it to own a bank without Federal Reserve supervision. 3. An overview of the new CECL accounting standard for estimating credit losses, which requires estimates of lifetime expected losses using historical data, current conditions, and reasonable forecasts. This will require increased controls and transparency around credit loss estimates.
Detailed Information
| Author: | ['Hilton Grand'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 9 |
| Language: | English |
| Format: | |
| Price: | FREE |
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