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Preparing for new credit loss standards

White Paper Published By: Fiserv
Published:  Oct 27, 2017
Type:  White Paper
Length:  1 pages

With the recent Financial Accounting Standards Board vote to proceed and the final Accounting Standards Update now published, the Current Expected Credit Loss (CECL) standards remain top of mind for the C-suite in financial institutions. Even though the official adoption deadline has been pushed back to after December 2019, financial institutions should take actions today to help prepare for the new rules. Data is a great place to start.

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