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Selecting Peers for CECL: How-Tos & An Example Calculation

Identify appropriate peers for your institution

 

Many financial institutions adopting CECL decide that external information is required to construct a meaningful estimate for at least one material portfolio segment. However, peer selection without a way to determine likely measurement outcomes can lead to unpleasant surprises and re-work, with awkward decision trails left to explain. In this session, we’ll review best practices for identifying potential peer institutions for your estimation and discuss some “worst practices” to help you keep on track with your implementation. 

This live session is eligible for one NASBA CPE credit. 

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Selecting Peers for CECL

You Will Learn How To:

  • Evaluate the credibility of peer inclusion
  • Avoid common issues with peer identification
  • Articulate the differences between a CECL “credit” peer group and peer groups used for other institutional purposes
  • Assess the impact of specific peer groups on the “back of a napkin” for rapid iteration

 

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


Jake Buchanan

Senior Consultant - Advisory Services, Team Lead at Abrigo

As a member of the Abrigo Advisory team, Jake Buchanan assists financial institutions with the technical aspects of the CECL transition. Experienced in CECL preparation, data analytics, and portfolio risk modeling, he specializes in helping institutions efficiently meet regulatory requirements.

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 CECL Partner

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.

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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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