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Under construction: Renovations for CECL begin

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Financial crises and natural disasters have something in common – they expose our weaknesses. Just as an earthquake might level the weakest buildings and disrupt the local infrastructure, crises in the financial system often uncover the riskiest of portfolios and institutions.

This white paper, by Tom Kimner, director, global risk marketing and operations, and John Voigt, principal business solutions manager, risk management, SAS, describes how the Financial Accounting Standards Board’s current expected credit loss guidance further strengthens the foundation, but how implementation will not be easy and many questions remain.

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