As CECL adoption ramps up and nears completion, many banks—both 2020 and 2023 filers—are looking to validate CECL estimates. And there is no question that this has become a much more cumbersome process with banks facing an unfamiliar economic environment, changing portfolios, and hidden credit losses masked by modifications and government intervention.
Some of these changes have made historical loss rates unreliable as a reference point for estimating future forecasts. Further, the wide variety of approaches to CECL and the complexity of the calculations can make it difficult to determine risk. There are many tools and resources that can be used to bring clarity and confidence to your CECL calculations, such as model benchmarking and a good allowance process, as well as lessons learned from filers in earlier phases of CECL adoption.
To address these issues, SS&C EVOLV will host an upcoming roundtable to help banks discuss the challenges and best practices for validating CECL Results. As the economic volatility continues and CECL results become more nebulous, this roundtable, hosted by SS&C’s Theresa Meawad, will give you the opportunity to discuss these very pertinent topics with industry leaders including current CROs and CFOs.
Please join us on November 16, 2022, at 2 pm for an active discussion around these evolving issues.
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Commercial Lending, Regulation, Risk Management