IDC Financial Publishing, Inc.

Cushioning for Losses1 Current Expected Credit Loss (CECL) was developed in response to 2008 financial crisis, when bank balance sheets looked rosy despite looming losses. CECL requires businesses to look to the future and own up to potential future losses and set aside reserves to cover those losses when they have…

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Even institutions with long track records of good management and growing net worth can very quickly reverse direction, and spin out into a value-destroying mode of operation...especially during times of economic stress. And too often, much damage is done before management recognizes that it has a problem, is able to…

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