Learn from the Industry’s Best: Getting CECL Right

Thursday, May 3, 2018 | By Alex Driscoll

Learn from the Industry’s Best: Getting CECL Right

SS&C Primatics EVOLV Live: Getting CECL Right is only a week away. The event features an impressive lineup of industry thought leaders who will share their experiences and strategies for success with CECL. 

During the action-packed two-day event, there will be more than ten sessions that include CECL implementation challenges, the wide-ranging impact of the allowance process, methodology choices, and insights about forecasting. Read on for a snapshot of what’s to come!

Thoughts, considerations and lessons learned to be applied to CECL implementations

On day one, a four-person panel will share their “wins” and “battle wounds” experiences around methodology and policy debates, the importance of having insightful analytics and management reports, complying with IFRS 9, and modernizing ALLL processes.

Making a “reasonable and supportable” forecast: A look inside the sausage factory

Next up, Chris Varvares, a founder of Macroeconomic Advisers will cover macroeconomic forecasting methodologies and best practices. He’ll explain how “award winning” forecasts are made, how the tools of the trade can be used to create coherent alternative scenarios, and discuss a recent example, the firm’s “Boom/Bust” scenario.

Practical considerations in estimating reserves for CECL

While there has been a lot of discussion over the past few years about different methods for estimating reserves under CECL, many of the examples provided have been more illustrative in nature – simplistic representations of the techniques without real data. However, when these techniques are applied to real loans, practical challenges can arise. In this presentation, Russell Hughes, Vice President, Product Management from Trepp, LLC overviews how the allowance will be calculated for a portfolio of real loans using a variety of estimation techniques ranging from fully model based estimates to vintage analysis techniques that rely on historic data.

For a full write-up of what’s to come, check out our agenda here. For more information about the event, contact Alexandra Driscoll at adriscoll@sscinc.com.

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