Ask the Fed: Current Expected Credit Losses (CECL) – Expected Loss Estimator (ELE) Tool

On Thursday, June 16, 2022, at 2:00 p.m. ET, staff from the Federal Reserve hosted an Ask the Fed® webinar on the ELE tool to determine expected credit losses under CECL.

The ELE tool takes a financial institution’s loan-level data and assumptions as entered in by financial institution management and automates the Weighted-Average Remaining Maturity (WARM) method. This session walked through the spreadsheet-based tool intended to assist community financial institutions in implementing CECL. 

Financial institutions were encouraged to invite representatives from their internal audit function and their external audit firm to participate in this webinar on the ELE tool. 

Suggested Prerequisite:

The Ask the Regulators: CECL Webinar: Weighted-Average Remaining Maturity (WARM) Method (4/11/19) or other WARM webinars/training