CECL poses a significant challenge for the banking industry. The life of loan loss concept presents complexities that can decrease capital, and add both volatility to ALLL estimates and additional costs. Further, it has the potential to change how banks do business. Now that the CECL standard is issued, ABA is committed to working with bankers, regulators, auditors, and investors in ensuring that banks can implement CECL the right way, not only at the effective date, but well into the future. ABA urges bankers to educate their investors, board members, and management about CECL. Please refer to the video above and to the ABA Resources listed at the side.