BNN CECL Implementation Survey

Has implementing CECL at your bank been weighing on your mind?

The BNN CECL Task Force is continuously monitoring regulatory news and updates related to CECL. As we continue to move closer to implementation, we want to hear from bank controllers, CEOs, CFOs, CECL committee members, and anyone that is involved in CECL implementation at their bank about the challenges and questions they have.

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 *

Institution Name

State/Province *

Question Title

* 2. Which of the following describes your institution.

SEC filer

Non-SEC filer, PBE

Non-SEC filer, non-PBE

Question Title

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

Pre-Planning

Planning & Research

Scenarios & Modeling

Data Testing

Parallel Runs & Validation

Monitoring & Final Implementation

Additional comments.

Question Title

* 4. How important do you think CECL implementation is for the future of your bank?

Not at all important.

A little important.

Pretty important.

Very important.

Additional comments.

Question Title

* 5. Do you feel on track with your CECL implementation?

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.

Question Title

* 6. 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)

Question Title

* 7. What are the biggest decisions or changes you have made related to CECL implementation at your bank? (list up to 5 decisions/changes)

Question Title

* 8. What are your biggest questions related to CECL? (list up to 5 questions)

Question Title

* 9. Please provide your contact information if you would like to discuss your answers further with a member of the BNN CECL Task Force.

Name

Email Address

Phone Number