Course Agenda

Agenda

Understanding and Preparing for CECL

Day 1 - Wednesday 20th February 2019

09:00

Registration and refreshments

09:30

CECL – key challenges & opportunities

  • Refresher on CECL fundamentals
  • FASB and TRG updates
  • Hot Topics
    • Reasonable & supportable, and reversion
    • Purchased credit deteriorated assets
    • Determining the contractual life of revolving credit products
  • Audit initial areas of focus

Speakers:
Emily De Revere, Manager, KPMG 
Tim Pardoel, Director, KPMG

11:00

Morning break

11:30

CECL impacts

  • CECL impacts: Credit Risk Managements and profitability forecasting
  • CECL impacts: Disclosures to investors
  • Adjusting strategies to maximise return under a new element of forward looking risk 
  • Emerging industry practices

Speaker: Laurent Birade, Senior Director, Moody's Analytics 

13:00

Lunch

14:00

CECL Quantification Methodology

  • Why is segmentation critical to loss quantification?
  • Leveraging existing capabilities for CECL modeling
  • How to determine reasonable and supportable forecasts
  • Will Q-factor adjustments be business as usual for reserves?

Speaker: Grigoris Karakoulas, President and Founder, InfoAgora Inc. 

15:30

Afternoon break

16:00

CECL Quantification: Part II

  • Modelling considerations by asset class
  • Alternative modelling methods, pros and cons, examples
  • Data requirements for each method
  • Input variable selection
  • Model development

Speaker: Grigoris Karakoulas, President and Founder, InfoAgora Inc. 

17:30

End of day one

Day 2 - Thursday 21st February 2019

09:00

Refreshments

09:30

Governance

  • Complete governance around CECL process
  • Current ALLL framework adapted – where are the deltas?
  • Impact analysis – What type of analysis should be done?
  • Decision and assumptions vetting
  • Beyond CECL

Speaker: Laxmikant Shukla,Senior Vice President- Portfolio Analytics and Strategy Group Manager, PNC

11:00

Morning break

11:30

Model risk management for CECL models

  • Testing the models for CECL use
  • Evaluating CECL assumptions
  • Qualitative adjustments and their dependency on model limitations
  • Governance

Speaker: Nav Vaidhyanathan, Group VP Model Risk Management , M&T Bank

13:00

Lunch

14:00

Best Practices and Internal Controls Framework for CECL

  • Framework covering CECL process, controls, and documentation
  • Role of implementation on CECL controls
  • Internal controls and evidences to support best estimates

Speaker: Nehal Bharodia, Senior Analytical Consultant, SAS

15:30

End of course