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SUMMARY:Webinar "Benchmarking CECL estimates before Day 1 implementation"
DESCRIPTION:The year 2019 will be a busy one for all US Banks. With banks\, standardsetters and regulators still engaged in a debate about what implementation of the CECL standard for Day 1\, there are only 4 month left before public firms “go live” on CECL. The principle-based nature of the standard means that the remaining time needs to be spent on testing assumptions and validating approaches. For many banks\, attention is on finalizing implementation plans and to kick-start the parallel run. \nGCD has partnered with Accenture and the IIF to help U.S. financial institutions benchmark their CECL models in this critical phase and beyond Day 1 compliance.  \nWe offer all financial institutions (global banks\, community banks\, regionals banks\, specialty financer\, insurers\, …) to benchmark their ECL estimates on a standardized portfolio. Implementation of similar approaches (e.g. IFRS 9) proved that it is important to not stay siloed: knowing where your ECL estimations are in comparison to your peers allow you to act fast and ahead of the game.   \nThe excercise will include various scenarios\, including a stress scenario. At the beginning of the year a core group of banks has designed the template\, tailored it to the US market and developped the roadmap for 2019. 11 banks already participated in the first round of the benchmarking\, a second round allows now all institutions to benchmark their estimates before finally going live.  \nIn the webinar we communicate \n\nthe exact timelines for the second round in H2/2019\nthe setup (template\, FAQ\, etc)\nthe expected detailed data return \n\n  and answer questions from the industry participants.  \nPlease click on the attached calendar item (below under the “agenda”)  to save the meeting in your agenda.  \n  \nLogin link:  \nhttps://globalcreditdata.zoom.us/j/2764952653 \n  \nOr dial by your location \n        +1 929 436 2866 US (New York) \n        +1 669 900 6833 US (San Jose) \nMeeting ID: 276 495 2653 \nFind your local number: https://zoom.us/u/aecEth3WVj \n  \n  \n  \n  \n  \n  \n  \n \nContact person: \nNathaniel Royal  \nLocation: \nZoom Call \n \nAganda: \nhttps://www.globalcreditdata.org/wp-content/uploads/2019/08/cecl_benchmarking_round_two_kick-off.ics
URL:https://globalcreditdata.org/events/webinar-benchmarking-cecl-estimates-before-day-1-implementation-0/
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