CECL Implementation Research Survey

Are you making progress in your CECL implementation journey?

Since our first CECL implementation survey in 2018, the BNN CECL Task Force has continuously monitored regulatory news and updates related to CECL. As we move closer towards implementation, we want to hear from bank controllers, CEOs, CFOs, CECL committee members, and anyone involved in CECL implementation at their institution about the challenges and questions they have and where they stand in the CECL implementation process.

We thank you for taking the time to share your thoughts and concerns about CECL. Respondents will be the first to receive the analysis of our findings. Individual responses to this survey are private and for BNN use only. We will not share your contact information with any third parties.

Question Title

* 1. Please provide the following information.

Job title

State/Province

Question Title

* 2. Which of the following describes your institution.

SEC filer (not a Smaller Reporting Company)

SEC filer (Smaller Reporting Company)

Non-SEC filer, PBE

Non-SEC filer, non-PBE

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* 3. What impact do you expect CECL implementation will have on your institution’s allowance for loan losses?

Significant increase

Some increase

Remain consistent with current ALLL model

Some decrease

Significant decrease

Unknown

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* 4. Do you feel on track with CECL implementation at your institution?

No, we're far behind.

We feel a bit behind.

We're on track.

We are slightly ahead of schedule.

We're way ahead of schedule.

Additional comments.

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* 5. The proposed delays in the effective date for CECL will change your implementation timeline as follows:

We will proceed as planned.

We will delay exploring third-party solutions.

We will delay certain stages of CECL implementation (please specify).

Question Title

* 6. What is your institution’s starting point for building the CECL model?

Leveraging existing internally prepared ALLL model

Internally prepared model built from scratch

Planning to use a third-party vendor

Other (please specify)

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* 7. What is your current status for implementing CECL?

Pre-Planning

Planning & Research

Scenarios & Modeling

Data Testing

Parallel Runs & Validation

Monitoring & Final Implementation

Additional comments.

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* 8. How would you rate the quality of the data in the source system you will use to obtain information for your CECL model?

Records are complete and deemed reliable

Records may be complete but potentially not reliable

Records are incomplete

We have not evaluated our records yet

Other (please specify)

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* 9. What is your biggest challenge related to CECL?

Internal coordination

Lack of clarity of what needs to be done

Lack of resources

Cost of implementation

Other (please specify)

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* 10. Please share any additional questions or comments related to CECL that are on your mind.

Question Title

* 11. Please provide your contact information if you are willing to discuss your answers further with a member of the BNN CECL Task Force.

Name

Institution

Email Address

Phone Number