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Ask the Fed®: Current Expected Credit Losses (CECL)- Scaled CECL Allowance for Losses Estimator (SCALE) Method

Ask the Fed®: Current Expected Credit Losses (CECL)- Scaled CECL Allowance for Losses Estimator (SCALE) Method

Posted: Jul 14 2021
On Thursday July 15, 2021, at 2:00 p.m. ET, staff from the Federal Reserve will host an Ask the Fed® webinar on the SCALE method for determining expected credit losses under CECL. The Financial Accounting Standards Board (FASB) and the Conference of State Bank Supervisors (CSBS) will also participate in the webinar. 
The SCALE method leverages industry or peer data from the Call Report as the starting point for estimating an allowance for credit losses. Banks must further adjust this starting point to reflect bank-specific facts and circumstances to arrive at a final CECL estimate.  The session will also walk through a spreadsheet-based tool intended to assist banks with total assets under $1billion in implementing CECL 
You can email your questions in advance of the session at askthefed@stls.frb.orgQuestions received in advance will receive priority. 
Institutions are encouraged to invite representatives from their internal audit function and their external audit firm to participate in the upcoming webinar on SCALE method. 
Registration is now open at https://www.askthefed.org (for financial institutions or registered Ask the Fed® users) or https://www.webcaster4.com/webcast/page/584/41882 (for audit or consulting firms). 

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