The new FASB standard for estimating expected credit losses will require significant effort for banks and other financial services entities. In this article, Crowe Horwath LLP banking professionals explore some of the data systems and technological expertise that entities can consider as they prepare their transition to the new standard.
Read Part 1: Identifying Portfolio Risks
Read Part 2: Data Requirements for Making the Transition
Read Part 3: Governance and Oversight for Making the Transition
Read Part 5: The Need for Model Validation and Getting Prepared