ClusterSeven: A Best Practice Approach to Managing Spreadsheet Risk & Governance in CECL

Calculating Current Expected Credit Loss (CECL) is a significant challenge for US-based credit lending institutions. The extensive use of models, loan data, as well as historical economic and loan default metrics present an operational challenge for filers. This complexity, combined with the December 2019 deadline means that many institutions will reach for their standby tool of choice – the Excel Spreadsheet – to plan, manage and report on some or all of their CECL reporting. The spreadsheet

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