CECL Model Risk Application

The Current Expected Credit Loss (CECL) model is a new accounting standard for the financial industry that aims to provide better insight into the credit risk of a bank’s portfolio. The CECL model has been designed to replace the traditional incurred loss model with a forward-looking approach that is based on the expected credit losses […]

Can ChatGPT Replace Human Work?

AI, including chatbot technology like ChatGPT, has the potential to automate certain task…