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EXPERT INSIGHT. TRUSTED PERSPECTIVE. FORWARD THINKING.

A Closer Look at CECL Compliance and What's to Come

The 2008 financial crisis brought more attention to one crucial aspect of the financial system, which was the delay in the recognition of losses by financial institutions. At the peak of the crisis and under stressed conditions, it became clear that the methodologies and procedures in place at that time (and still in place today within some financial institutions) to estimate reserves resulted in inaccurate, underestimated and untimely allowances for losses.
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