Many financial institutions adopting CECL decide that external information is required to construct a meaningful estimate for at least one material portfolio segment. However, peer selection without a way to determine likely measurement outcomes can lead to unpleasant surprises and re-work, with awkward decision trails left to explain. In this session, we’ll review best practices for identifying potential peer institutions for your estimation and discuss some “worst practices” to help you keep on track with your implementation.
This live session is eligible for one NASBA CPE credit.
Senior Consultant - Advisory Services, Team Lead at Abrigo
As a member of the Abrigo Advisory team, Jake Buchanan assists financial institutions with the technical aspects of the CECL transition. Experienced in CECL preparation, data analytics, and portfolio risk modeling, he specializes in helping institutions efficiently meet regulatory requirements.
Managing Director, Advisory Services at Abrigo
Garver brings a decade of enterprise software, analytic, and advisory experience to Abrigo’s advisory team. Prior to joining Abrigo, Garver was a Technical Consultant with Accenture, and he later worked with C-suite executives on technology strategy and delivery as a Managing Partner of the Orange Advisory Group.
CECL Streamlined is a webinar series developed and led by consultants who have helped hundreds of institutions to successfully implement CECL. The four-part series covers major steps and milestones in chronological order to ensure 2023 filers stay on track and feel confident in their CECL transition.
Learn how to decide what data and information to incorporate in your CECL estimate.
Learn techniques to calibrate the historical loss basis to anticipated economic conditions.
Get into the "nuts and bolts" of using two methodologies and sensitivity test decisions.
Abrigo's ALLL and CECL software is endorsed by the American Bankers Association and trusted by more than 1,000 financial institutions. Get support beyond a username and password with Abrigo's award-winning service and advisory team of CECL experts. Our in-house consulting group provides a range of services from CECL transition plans to outsourced calculations.
The live webinar session is eligible for one NASBA CPE credit.
Anyone with responsibilities related to the allowance or transition to CECL.
Advanced Preparation: N/A
Prerequisites: Intermediate background in allowance, accounting, or regulatory compliance
Program Level: Intermediate
Delivery Method: Group Internet
Abrigo is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
