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Data for CECL Implementation: Assessing & Addressing Limitations in Your Data and Loss History

Make the right decisions
with your data

 

Data has posed the most common CECL implementation problems for financial institutions adopting the accounting standard. The good news for 2023 CECL adopters is that no set amount of “data,” in a technical sense, is required to produce a meaningful projection of future losses. Certain amounts of data are required for certain CECL methodologies, and a certain amount of data, in an information sense, is required to estimate likely defaults or losses in different economic environments. This information is plentiful and publicly available, and its use has been uncontroversial for institutions that demonstrate a need to rely on it. In this session, you will learn how to decide what data and other information to incorporate in your CECL estimate.

This live session is eligible for one NASBA CPE credit. 

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Data for CECL implementation

You Will Learn How To:

  • Evaluate available information
  • Connect to public data sources for information relevant to a lifetime loan loss estimate
  • Assess your own data (or lack thereof) for relevancy, completeness, and decision-usefulness
  • Avoid “data rabbit holes” that can stall CECL implementations and divert key operational resources

 

CECL Streamlined Webinar Series

This webinar is part of a special CECL webinar series for 2023 filers. Learn more about the series.

Meet Your Presenters


Justin Crawley

Senior Consultant, Advisory Services at Abrigo

Justin has spent the last 4 years working with financial institutions of all sizes to transition to CECL.  He specializes in helping banks and credit unions find the quickest, simplest path to compliance using the Abrigo ALLL software and the Advisory team's proven formula for successful transition.

Garver Moore

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 Webinar Series

Stay on track with your CECL implementation. 

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.

"If there's one thing I can say about Abrigo, it's that they have taken the complications out of it."

Andrew Reid | Bank of San Antonio

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Abrigo CECL Software and Services

A Trusted Software and Services

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.

Software    Advisory

Continuing Education Credits

The live webinar session is eligible for one NASBA CPE credit.

Who should attend?

Anyone with responsibilities related to the allowance or transition to CECL.

  • Chief Financial Officer
  • Controller
  • Chief Credit Officer
  • Chief Compliance Officer
  • Accounting, finance, credit departments, and C-suite of banks and credit unions

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.

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