NEWS | For Immediate Release
SAN FRANCISCO, June 26, 2018 – Moody’s Analytics, a global provider of financial intelligence, is helping US financial institutions as they prepare for compliance with the Current Expected Credit Loss (CECL) accounting standard. As CECL deadlines approach, we are hosting a series of educational webinars for professionals from impacted institutions as well as in-person forums for executive leaders, all focused on CECL readiness.
Moody’s Analytics CECL webinars are 30-minute sessions designed to easily fit into professionals’ busy schedules. Our two upcoming webinars will focus on specific concerns institutions face around CECL:
- The “Easiest” Implementation – Why There is No Easy Button | Wednesday, June 27
While there is no “easy” button for CECL compliance, it makes sense for banks to leverage existing processes and tools as a starting point to understand the impact on their capital, reserves, and resources. Our experts Robby Holditch and Jin Oh will discuss critical steps in meeting the new CECL standard.
- CECL Disclosures – Required and Beyond | Tuesday, July 31
What disclosures do the CECL rules require? And how will the requirements evolve, following full CECL adoption? Our experts Masha Muzyka and Jin Oh will cover focus areas for transition disclosures, potential implications of the chosen methodology on the expected disclosures, and overall best practices for expected credit loss disclosures.
Moody’s Analytics is also hosting two in-person executive briefing forums in July. These half-day sessions are designed for senior risk, finance, and accounting professionals from community and mid-sized banks. Attendees will meet with Moody’s Analytics experts to discuss the evolving approaches to CECL implementation challenges. The agendas include a mix of presentations, panel discussions, and networking opportunities. Previous events have been hosted in San Francisco, Los Angeles, New York, Boston, and Atlanta.
July’s executive briefing forums are as follows:
- Chicago: Tuesday, July 10
- Dallas: Thursday, July 19
Click here for more information on upcoming CECL events and to register.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools supporting our clients’ growth, efficiency, and risk management objectives. The combination of our unparalleled expertise in risk, expansive information resources, and innovative application of technology, helps today’s business leaders confidently navigate an evolving marketplace. We are recognized for our industry-leading solutions, comprising research, data, software, and professional services, assembled to deliver a seamless customer experience. Thousands of organizations worldwide have made us their trusted partner because of our uncompromising commitment to quality, client service, and integrity.
Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO). MCO reported revenue of $4.2 billion in 2017, employs approximately 11,900 people worldwide and maintains a presence in 41 countries. Further information about Moody’s Analytics is available at www.moodysanalytics.com.