CECL

CECL will require banks to use loss estimates to reflect losses as of the inception of the loan, changing the timing but not the amount of overall credit losses.

How It Works

CECL will require banks to use loss estimates to reflect losses as of the inception of the loan, changing the timing but not the amount of overall credit losses. The big operational change has to do with gathering/analyzing a large amount of historical loss data to predict future loss experience, augmenting limited data with peer experience, and organizing/documenting other qualitative inputs. FIMAC Solutions simplifies the CECL requirements so you can get back to the business of banking.

Deposit Study Description

You can’t just determine your assumptions willy-nilly as you please. You must document and defend them, and nothing works better than statistical testing. Examiners can always dispute/overrule your opinion, but they can’t easily argue over statistical testing. FIMAC Solutions can deliver a complete Deposit Study including a weighty report documenting your results in just a few weeks using only the data you already have on hand. It’s a small investment to protect your best funding source from regulatory criticism.