4 Elements of an effective CECL model validation
Now that CECL calculations are complete or nearing completion, what’s next? It is considered best practice to conduct model validations or have alternate controls to address the model validation control risks. Model validation identifies the weaknesses and limitations of a model for consideration as the model outputs are utilized. This guide covers the four core elements of an effective CECL model validation.
Download to learn:
- Who should perform model validations
- What model inputs will be examined
- How calculations of the model are examined
- Components of the outcomes analysis