At the moment, GCD is running a CECL Methodology survey sponsored by Global Credit Data, the IIF and Accenture. The survey is intended to provide comparative information on bank’s planned methodologies for implementation of CECL. The questions are focused on credit data and modeling for the C&I CRE and Consumer portfolios. We plan to follow the survey with a benchmarking exercise to commence in the early fall.
We expect to provide a summary report and analysis to participants by mid-August. In addition, the anonymized data can be made available so that banks can conduct their own analysis.
The survey was designed to be completed in less than 40 minutes. Respondents will be able to choose from a menu of methodologies. We received substantial input by leading practitioners to ensure that questions where relevant and methodology choices comprehensive. The deadline for completion of the survey is July 31, 2018
To participate, please use this link: https://www.globalcreditdata.com/lms/index.php/183655?newtest=Y
We also hold a webinar to review the survey and answer any of your questions. The meeting details are as follows:
Date: Thursday, June 21 at 1100 am EST
Meeting number: 950 110 775
Password: CECL
The link to the meeting: https://pecdc.webex.com/pecdc/j.php?MTID=ma512b38fe3d9c616b9681fcab9953250
Join by phone
+1 631 267 4890 USA/Canada toll
+31 20794 7996 Netherlands toll
Access code: 950 110 775
Contact person:
Location:
Webex call