BAN2313. CECL - Best Practices for 2020 Adopters and a Look at 2023 Adopters

Current Expected Credit Losses (CECL) has become the new status quo, but many questions and challenges relating to maintaining models under the credit loss guidance still remain. Whether a recent adopter or a seasoned pro, the volatility of 2023 has raised additional questions on how organizations can assess model performance and ensure continued effectiveness over the years. What trends have emerged in the industry regarding coverage ratios? How can an organization maintain proper controls over model performance? And what factors are management teams focusing on to implement model refinements and calibrate results?

Learning Objectives:

• Analyze trends in allowance coverage among CECL adopters
• Determine lessons learned and best practices for continual monitoring of CECL models
• Identify observations on the loan modification disclosure ASU adoption
• Assess insights on the Purchased Financial Assets (PFA) proposal