The Fed’s ELE Tool for CECL: What It Is and Isn’t
Abrigo
JUNE 19, 2022
And while regulators said some institutions would find the ELE tool useful for CECL, they acknowledged it did not represent a preferred method of regulators or a “safe harbor” method for GAAP compliance. CECL Regulation. CECL Regulation. They said it would not change examiner reviews of CECL allowance components.
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