美联储-当前预期信贷损失标准与银行信息生产（英）-2023.9-108页_2mb

The adoption of the Current Expected Credit Losses (CECL) standard has been shown to improve banks' information production processes. This study examines the impact of CECL on loan loss provisioning (LLP), disclosures, and credit risk management. Key findings include:

1. Loan Loss Provisioning: CECL adoption leads to more timely and accurate LLPs. CECL banks recognize losses faster and better reflect future local economic conditions.

2. Disclosures: CECL banks provide more informative disclosures in their financial reports. This includes longer, forward-looking, and quantitative information related to loan loss provisions.

3. Loan-Level Defaults: Credit risk management improves, with CECL banks experiencing fewer loan defaults. The improvement is more pronounced for banks with greater investments in CECL-related information systems and human capital.

These improvements are more significant for banks with better resources, particularly larger institutions and those with higher investments in information technology and human capital.

Overall, CECL enhances banks' ability to assess and provision for credit losses, contributing to better financial reporting and risk management.