Sep 9, 2022

Model Validations: What You Need to Know to Get CECL Right

As CECL adoption ramps up and nears completion, many banks—both 2020 and 2023 filers—are looking to validate CECL estimates, ensure that models remain predictive, and address auditor concerns. And the volatility of the macroeconomic environment doesn’t help, changing a bank’s portfolio mix and adding additional stress on CECL models.