A Tale of Two Models: How the Pandemic Affected Allowance Levels Under CECL and Incurred Loss Models
Abrigo
JULY 28, 2021
Following the 2007-2008 financial crisis, the CECL model aimed to provide more timely adjustments of reserve levels than the existing incurred loss method. Shortly after, COVID-19 was declared a national emergency, sparking stay-at-home orders and other mandates. Portfolio Risk & CECL. Portfolio Risk & CECL.
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