CECL Webinar: Data Quality
Methods for collecting adequate data in preparation for CECL
FASB’s guidance for estimating expected credit losses is not prescriptive and, therefore, examiners are not asking exactly how you plan to calculate your reserve under CECL today. However, due to the shift from an incurred to expected loss model, banks need to be working on loan-level data collection now as a first step toward being compliant under future GAAP.
Sageworks covers how community banks can improve data quality, assure data adequacy and take the step towards data validation and modeling.
Watch to learn:
- Data collection options
- Suggested data fields for community banks
- Advantages and disadvantages of getting started today
Garver Moore 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. Today, as the Managing Director of the Advisory Services Group, Garver collaborates with internal product specialists on our market offerings and helps clients develop strategies to better navigate federal regulations and optimize their institutions for growth. Garver earned his bachelor’s degree in electrical and computer engineering from Duke University.