Model risk management: Implementing CECL outside of the box
In today’s ever-evolving regulatory climate, organizations must be responsive with their model risk management processes. One of the most recent influencing factors is the new current expected credit loss (CECL) requirements mandated for 2023. Navigating CECL implementation can become complex and time-consuming without the right advisor. The data requirements, various methodologies and validation needs can be extensive and intimidating, and institutions often start from scratch.
Watch this Baker Tilly on-demand webinar for an informative discussion about viewing the model risk management system holistically and how you can use current processes and systems to aid in your CECL implementation efforts.
Learning objectives:
From watching this webinar, you will gain an understanding of:
- CECL implementation process: including timing, data requirements and model methodologies
- Practical considerations for adopting CECL and key information needed as part of the implementation process
- Primary considerations when building or modifying your model risk management system to accommodate the new standard
- The most significant data challenges and benefits of integrating a model risk management platform
- Interdependencies between existing data extraction processes and models and how to translate to CECL implementation
Watch our webinar series
Understanding the ins and outs of CECL models
Baker Tilly hosts a series of informational webinars discussing the details of CECL implementation, models prior to the CECL requirements mandated for 2023
CECL implementation loss rate analysis: understanding the ins and outs of CECL models
Watch Baker Tilly's latest webinar in our CECL webinar series, in which we reviewed the loss rate analysis methodology, discussed model risk management and explored best practices for your current processes.
CECL implementation DCF model: understanding the ins and outs of CECL models
Watch Baker Tilly's latest webinar in our CECL webinar series, in which we reviewed the discounted cash flow (DCF) methodology, discussed model risk management and explored best practices for your current processes.
CECL next steps: parallel runs and model validations
Watch Baker Tilly's final webinar in our CECL webinar series, in which we reviewed implementation validation and explore best practices so your organization can feel assured in your results.
