Credit impairments are higher in the initial stages of Current Expected Credit Loss (CECL) standard implementation. This is in comparison to IFRS 9 implementation. One of the key differences between CECL and IFRS 9 is that CECL can be approached using multiple methods. Probability-of-default oriented methods will likely be preferred in CECL. For More Information Please visit: https://www.ceclexpress.com/insights/ifrs-9-implementation-lessons-for-cecl