CECL Implementation Update: Lessons from the Field, Strategies Going Forward

OL183-18  |  On Demand Course  |  Update  |  Self-Study


As banks proceed with their CECL implementation efforts, what are they learning?  What have they yet to address?  What do YOU need to address?  ABA Senior Vice President Mike Gullette summarizes the journeys of banks that indicate that CECL is both much easier than you thought AND much more challenging than you thought.  Gullette will discuss the key factors that banks are finding to best lower the capital impact at the effective date and the volatility thereafter.  He also will discuss how to respond to the auditor and board questions that are sure to come up.

This course was recorded at the 2018 Financial Institutions Conference.  Discounted bundle option available here.


Number of Credits Type of Credits
1.00 Accounting

Designed For








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Michael L. Gullette, CPA

Arriving to the American Bankers Association in February 2009, Mike works with the FASB, the IASB, and the U.S. banking regulators in helping bankers understand and implement policies and regulations related to accounting, financial reporting, internal controls, and capital management. Mike was active in both the CECL and IFRS 9 standard-setting processes, leading the industry’s evaluation of each of the several different impairment models considered by FASB. He was also a reviewer of the various staff working drafts of CECL. Mike is author of various CECL-related discussion papers and various other CECL resources for ABA members.

Mike brings to the ABA over thirty years of experience in the financial services industries. Mike started his career as a Senior Manager for EY, where he concentrated on financial institutions. He has been CFO of an international charity and was a director of accounting policy implementation at Freddie Mac. He also has been controller of a life insurance company, implementing FASB Statement 97, which changed the recognition of revenues and expenses in the industry using long-term forecasts of the future – much like CECL.

A graduate of the University of Virginia, Mike is a Certified Public Accountant, and holds various other professional designations, including Certified Financial Planner and Certified Information Systems Auditor.

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