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Oct 26, 2020

Navigating CECL in the COVID-19 world: lessons and challenges

The American Institute of Certified Public Accountants (AICPA) held its National Conference on Banks & Savings Institutions virtually, on Sept. 14-16, 2020. SS&C Primatics was once again honored to be a Silver Sponsor and to have participated in the speaker series as subject matter experts on CECL. Respected industry thought leaders discussed the key areas of focus at this year’s conference, the current expected credit loss (CECL) model under ASC 326, Financial Instruments - Credit Losses, and the impact of the pandemic.

Nov 12, 2019

CECL: Considerations as adoption approaches

Many financial institutions are well on their way in their transition to a CECL allowance estimate. They are reviewing and refining results, operationalizing their process preparing documentation and engaging with auditors.  With the adoption date less than two months away, here are some additional key considerations to finalize.

Oct 30, 2019

SS&C Primatics leads CECL discussion at AICPA

The American Institute of Certified Public Accountants (AICPA) held its National Conference on Banks & Savings Institutions in National Harbor, Md. last month. Once again, SS&C Primatics had the honor of being a gold sponsor and participating in the speaker series on the Current Expected Credit Loss (CECL) model under ASC 326, Financial Instruments - Credit Losses as subject matter experts.

Aug 30, 2019

Discover CECL lessons learned at AICPA conference

The long road to CECL adoption is nearing an end for many SEC filers. A majority of 2020 filers have already implemented CECL and many lessons have been learned.  SS&C Primatics will take you through the knowledge that’s been gained from CECL implementations and preview the road ahead at this September’s AICPA National Conference on Banks & Savings Institutions.

Aug 7, 2019

Why NAIC is paying attention to CECL -- and so should insurers

Insurance companies may be unprepared for CECL, which is currently more top-of-mind for their banking counterparts (partly because banking regulatory reporting follows GAAP).

Nov 19, 2018

Do virtual economists get virtual model validators?

In the novel on which the classic film Bladerunner is based, the prolific science fiction author Philip K. Dick asks whether androids dream of electric sheep. Perhaps in a science fiction universe, virtual economists could have their work validated by virtual model validators, have model risk managed by virtual CROs and have governance managed by a virtual board.  But here in this universe, under the current regulatory and legal framework, real live model validators must be used to validate models, real live CROs must be used to manage model risk, and real live boards must be used to provide governance.

Aug 2, 2018

CECL: one less place for weak data to hide

The demands on loan data were already escalating, and then along came CECL. It’s not surprising that in our most recent survey about CECL challenges, 34% of respondents said that data was their number one gap.

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